According to @KobeissiLetter, the Dow has extended its five-day decline to nearly 2,000 points as the selloff spreads beyond crypto, source: @KobeissiLetter on X, Nov 18, 2025. The move is characterized as a routine correction in equities by the source, source: @KobeissiLetter on X, Nov 18, 2025. Nvidia NVDA earnings due tomorrow are highlighted as a potential market-moving catalyst that could change the setup across risk assets, source: @KobeissiLetter on X, Nov 18, 2025. Crypto traders are cautioned that cross-asset pressure has already extended beyond digital assets, making NVDA results a key event to monitor, source: @KobeissiLetter on X, Nov 18, 2025.

According to @KobeissiLetter, the United States and Saudi Arabia are set to announce a cooperation deal on civil nuclear energy, as reported in a post on X (source: @KobeissiLetter). @KobeissiLetter adds that the AI buildout is increasingly centered on energy, highlighting power availability as a key constraint for scaling compute (source: @KobeissiLetter). Bitcoin mining is energy-intensive and mining profitability is directly exposed to electricity costs, making energy policy developments relevant for miners and related equities (source: Cambridge Centre for Alternative Finance). The linkage between nuclear energy policy and AI-driven power demand underscores trading relevance for energy-sensitive digital asset infrastructure such as BTC mining (source: @KobeissiLetter; Cambridge Centre for Alternative Finance).

According to @KobeissiLetter, the US and Saudi Arabia are set to announce a multi-billion-dollar investment into American AI infrastructure through dozens of investments, forming part of a broader $600 billion pledge to invest in the US. Source: @KobeissiLetter. The report specifies the focus is US AI infrastructure with multiple transactions rather than a single deal, highlighting scale and breadth relevant to capital allocation and deal flow tracking. Source: @KobeissiLetter. No details on timing, individual counterparties, or specific AI infrastructure segments were disclosed beyond the scale and the $600 billion pledge. Source: @KobeissiLetter. There is no mention of cryptocurrencies or digital assets within the announcement details provided. Source: @KobeissiLetter.

According to The Kobeissi Letter, ADP data show U.S. companies shed about 2,500 jobs per week in October (ADP National Employment Report), while the U.S. Department of Labor reported 232,000 initial jobless claims for the week ended October 18 (U.S. Department of Labor); labor-market readings are a key input for Federal Reserve policy that transmits to rates and risk appetite across assets, including crypto (Federal Reserve).

According to @KobeissiLetter, Cloudflare reported an unusual spike in traffic that caused website outages affecting millions of users, including on X and ChatGPT (source: @KobeissiLetter). According to @KobeissiLetter, Cloudflare shares (NET) fell more than 5% intraday on the news (source: @KobeissiLetter). According to @KobeissiLetter, the affected platforms include X and ChatGPT, making this directly relevant for traders tracking $NET price action and short-term liquidity during infrastructure incidents (source: @KobeissiLetter).

According to @KobeissiLetter, since 2017 Bitcoin (BTC) has logged 10+ declines of at least -25%, six of -50% or more, and three of -75% or more, underscoring a persistent high-volatility regime, source: @KobeissiLetter. They report that every BTC decline of the current magnitude or larger has historically been followed by new all-time highs, source: @KobeissiLetter. They characterize the present phase as a routine crypto bear market closer to its end than its beginning and state that volatility brings opportunity for traders, source: @KobeissiLetter.

According to @KobeissiLetter, Bitcoin fell below $90,000 for the first time in 7 months and is now down 29% from its record high reached on October 6. Source: @KobeissiLetter on Nov 18, 2025.

According to @KobeissiLetter, Bitcoin (BTC) fell below $91,000 for the first time since April 22, representing a 28% drawdown from its high. According to @KobeissiLetter, total crypto liquidations exceeded $5 billion over the past seven days.

According to The Kobeissi Letter, China has not shipped yttrium to the US for several months, with exports stopping entirely after April export controls (The Kobeissi Letter, Nov 18, 2025). According to The Kobeissi Letter, China’s yttrium exports to the rest of the world fell by about 30% over the same period (The Kobeissi Letter, Nov 18, 2025). According to The Kobeissi Letter, before the controls the US obtained 93% of its yttrium directly from China and the remaining 7% from China-processed material, signaling high import concentration risk (The Kobeissi Letter, Nov 18, 2025). According to The Kobeissi Letter, a rare earth trader reported US inventories collapsing from roughly 200 tons to just 5 tons this year, and industry sources estimate US stockpiles at 1 to 12 months of consumption (The Kobeissi Letter, Nov 18, 2025). According to The Kobeissi Letter, yttrium is essential for high-temperature superconductors, jet engines, advanced coatings, missile systems, lasers, and specialized ceramics, and the source concludes that the US needs China’s rare earths (The Kobeissi Letter, Nov 18, 2025). According to The Kobeissi Letter, these data indicate acute supply constraints that are directly relevant to trading strategies focused on rare earths and related industrial chains; no crypto-specific impact was cited (The Kobeissi Letter, Nov 18, 2025).

According to @KobeissiLetter, only 25 percent of S&P 500 industry groups are trading above their 10-week moving average, the lowest share since the April sell-off, with just 6 of 25 sub-industries still above that level. @KobeissiLetter noted the share has dropped by about 60 percentage points in recent weeks, underscoring a sharp deterioration in participation. @KobeissiLetter also reported that roughly 44 percent of S&P 500 stocks are above their 50-day moving average, one of the lowest readings since April, signaling narrowing breadth. Traders use the percent of stocks above key moving averages to gauge market breadth and confirm or question headline index strength, source StockCharts ChartSchool. Because crypto has shown periods of positive correlation with US equities, crypto traders often monitor equity breadth as a risk sentiment proxy, source International Monetary Fund research on rising crypto–equity correlation.

According to @KobeissiLetter, the crypto market shed about $1.2 trillion of market capitalization in the 42 days since October 6, a 28% decline that they describe as a 2025 bear market, source: @KobeissiLetter. Based on those figures, the drawdown equates to roughly $28.6 billion in market cap lost per day and about 0.67% average daily decline over the period, highlighting the speed of the sell-off, source: @KobeissiLetter. The reported percentages imply a pre-drop total crypto market cap near $4.3 trillion and a current level near $3.1 trillion, which traders can use as reference levels for positioning and risk management, source: @KobeissiLetter.

According to @KobeissiLetter, roughly $1 billion in leveraged crypto positions were liquidated in the last 24 hours, with cumulative liquidations reaching $4.5 billion over the past 7 days, highlighting ongoing forced deleveraging and elevated trading risk according to @KobeissiLetter. Liquidations also spiked by $300 million in the last 4 hours, underscoring intraday stress according to @KobeissiLetter. Bitcoin fell to $91,000 at 3:00 PM ET, marking a sharp downside move that aligns with the reported liquidations according to @KobeissiLetter.

According to @KobeissiLetter, the Dow fell nearly 700 points as US equity market declines accelerated on Nov 17, 2025, highlighting rapid downside momentum in major indices (source: @KobeissiLetter, Nov 17, 2025). No details on sector drivers or any spillover to BTC or ETH were provided by the source, and no crypto-market metrics were cited (source: @KobeissiLetter, Nov 17, 2025).

According to @KobeissiLetter, ETH fell below $3,000 for the first time since July 2025, marking a multi-month low. According to @KobeissiLetter, ETH is now down nearly 40% since October 6, underscoring significant downside since early October.

According to @KobeissiLetter, crypto liquidations exceeded $800 million over the last 24 hours, underscoring a leverage-driven flush across the market. Source: @KobeissiLetter. The source also states total crypto market capitalization has fallen nearly 30% since October 6, highlighting that leverage and liquidations are driving the drawdown. Source: @KobeissiLetter.

According to @KobeissiLetter, Bitcoin (BTC) fell below $93,000 for the first time since April 28, while an isolated crypto selloff has erased $1.2 trillion in market capitalization over the past five weeks and liquidations are still rising. According to @KobeissiLetter, the continued increase in liquidations underscores heightened forced-selling pressure and near-term volatility risk for traders tracking BTC and broader crypto markets.

According to @KobeissiLetter, the gold-to-silver ratio is above 80 on an annual basis, near the highest level since the 1980s, indicating stretched relative valuation conditions (source: @KobeissiLetter). The post states the ratio is roughly 2.58 standard deviations above its long-term historical mean, citing Crescat Capital, which underscores the magnitude of the divergence (source: @KobeissiLetter, citing Crescat Capital). It notes the ratio has remained above this threshold for about five years since 2020, compared with about three years in the 1930s and two years in the 1980s, highlighting unusual persistence (source: @KobeissiLetter). Based on this context, the post characterizes silver as historically cheap relative to gold and suggests potential catch-up in performance from silver if mean reversion occurs (source: @KobeissiLetter).

According to @KobeissiLetter, Polymarket now prices a 53% probability that the Fed makes no rate cut at its December 2025 meeting, placing no change above the odds of a 25 bps cut for the first time; source: The Kobeissi Letter on X citing Polymarket. The post states that markets are worried about inflation, highlighting why no-change odds have overtaken cut odds; source: The Kobeissi Letter on X. For trading, crypto market participants can reference the Polymarket contract as a real-time gauge of rate-cut expectations when managing BTC and ETH exposure around Fed communications and macro data; source: Polymarket data referenced by The Kobeissi Letter.

According to @KobeissiLetter, mentions of inflation on S&P 500 earnings calls fell to 4,300 this quarter, the lowest since Q4 2020, down by 32,700 or 88% over three years, after 11,700 mentions in Q1 (source: The Kobeissi Letter). By contrast, @KobeissiLetter notes consumers see inflation rising 4.7% over the next 12 months, while households report a 3.2% one-year inflation expectation in the Federal Reserve Bank of New York’s Survey of Consumer Expectations (sources: The Kobeissi Letter; Federal Reserve Bank of New York Survey of Consumer Expectations). The Kobeissi Letter concludes corporate America has moved on from inflation while Main Street remains concerned (source: The Kobeissi Letter).

According to @KobeissiLetter, policymakers are adding liquidity via eight catalysts: planned US $2,000 stimulus checks, a Japan $110B package, a China $1.4T package, the Fed ending QT on December 1, ~$1.9T annual US Treasury issuance, Canada restarting QE, record $137T global M2, and 320+ rate cuts over 24 months (source: The Kobeissi Letter). The author argues these developments raise the risk of another inflation wave that markets must price (source: The Kobeissi Letter). For crypto trading, liquidity expansion and debasement concerns have historically supported large-cap crypto like BTC and ETH as monetary debasement hedges; monitor confirmation through inflation expectations and real-yield dynamics (source: ARK Invest; source: Federal Reserve FRED). Key signals to watch include US 5y5y inflation expectations and breakeven rates, DXY, and US 10Y real yields to gauge risk-on versus risk-off conditions (source: Federal Reserve FRED). Track crypto-native liquidity via stablecoin net issuance and aggregate free-float supply, which have correlated with market breadth in prior cycles (source: Coin Metrics; source: Kaiko Research). Tactically, if stimulus/QE headlines are confirmed alongside rising breakevens and a softer DXY, momentum setups in BTC, ETH, and other high-liquidity assets tend to improve; conversely, a jump in real yields with a stronger dollar argues for tighter risk and rally fades until liquidity data turn (source: Federal Reserve FRED; source: ARK Invest).