According to @KobeissiLetter, the Nasdaq is down 2.5% on the day and set for its biggest daily decline since October 10, while Nvidia (NVDA) has lost $220 billion in market cap today, source: @KobeissiLetter on X, Nov 13, 2025. For crypto traders, the equity shock highlighted by the Nasdaq drop and NVDA market-cap loss points to potential risk-off conditions, making it prudent to monitor BTC and ETH liquidity, funding, and basis into the U.S. close, source: @KobeissiLetter on X, Nov 13, 2025. Position sizing, leverage, and slippage controls should be reassessed in light of the reported Nasdaq selloff and Nvidia drawdown to manage cross-asset volatility spillover risk, source: @KobeissiLetter on X, Nov 13, 2025.