According to Mihir (@RhythmicAnalyst) on Twitter, the S&P 500 Index experienced a sustained bull run from January 2023, with price action consistently tracking a key trendline. The index touched this trendline twice, as highlighted in the referenced chart, before breaking down in March 2025. Following this breakdown, a technical pullback is now underway, which aligns with typical market behavior after major support levels are breached (source: @RhythmicAnalyst via Twitter, May 22, 2025). This trend reversal and subsequent pullback signal increased volatility for both traditional equities and crypto markets, as historical correlations suggest that S&P 500 downturns often accelerate risk-off sentiment in Bitcoin, Ethereum, and altcoin trading. Traders should closely monitor macro-driven price action, particularly given the heightened sensitivity of crypto assets to equity market disruptions.