According to Evan (@StockMKTNewz), Alibaba ($BABA) reported earnings this morning, resulting in a sharp 5.6% decline in pre-market trading. This negative earnings surprise may signal broader risk-off sentiment for Asian equities, which historically influences crypto trading volumes and risk appetite, especially for China-based digital assets (Source: Evan on Twitter, May 15, 2025). Crypto traders should closely monitor Asian tech stock volatility as it could lead to short-term capital shifts into or out of major cryptocurrencies.