According to @StockMKTNewz, Jeffrey Gundlach told CNBC that many assets are extremely overpriced and urged investors to keep about 20% of portfolios in cash to protect against a major downturn, source: CNBC via @StockMKTNewz. For traders, this cash-overweight guidance from the bond manager is a risk-off signal that participants track when reassessing exposure to high-beta assets, source: CNBC via @StockMKTNewz. Because BTC and U.S. equities have exhibited elevated correlation in recent years, risk-off shifts have historically coincided with crypto drawdowns, making this caution relevant for BTC and ETH positioning, source: IMF Global Financial Stability Note (Jan 2022).