According to @charliebilello, the S&P 500 was down over 15% year to date on April 8 (the 4th worst start on record) but then rallied 38%, leaving it up 17% YTD and notching 37 all-time highs in 2025, highlighting a powerful momentum regime for risk assets, source: @charliebilello on X. IMF research documented a marked rise in BTC–S&P 500 co-movement since 2020, indicating that strong equity momentum can have greater relevance for crypto market risk and spillovers, source: IMF Blog by Tobias Adrian, Tara Iyer, and Mahvash S. Qureshi, January 2022.

According to The Kobeissi Letter, Tesla (TSLA) is back in record high territory after rising about 130% from its April 2025 low (source: The Kobeissi Letter on X, Dec 16, 2025). According to The Kobeissi Letter, the rally equates to roughly $900 billion in added market capitalization over seven months, underscoring the magnitude of the move for traders tracking megacap momentum and liquidity (source: The Kobeissi Letter on X, Dec 16, 2025). According to The Kobeissi Letter, the post did not reference BTC, ETH, or other cryptocurrencies, so no direct crypto-market read-through was provided by the source (source: The Kobeissi Letter on X, Dec 16, 2025).