According to @StockMKTNewz, GitLab (GTLB) moved lower in after-hours trading immediately following its earnings release, indicating negative near-term sentiment. source: @StockMKTNewz. Elevated equity-crypto co-movement means risk-off moves in growth software can spill over to BTC and broader digital assets, so traders are watching overnight crypto price action for confirmation. source: IMF 2022, Crypto Prices Move More in Sync With Stocks. Historically, negative earnings reactions exhibit short-term continuation known as post-earnings announcement drift, making the cash open and first 30-60 minutes critical for momentum and gap strategies in GTLB. source: Bernard and Thomas 1989, Journal of Accounting and Economics.