According to @CryptoMichNL, risk-on longs have not been rewarded across markets recently, underscoring weak performance in high-beta assets. Source: @CryptoMichNL on X, Nov 25, 2025. He notes a divergence where the Nasdaq shows resilience while BTC fails to follow through, indicating soft crypto momentum and caution for adding risk. Source: @CryptoMichNL on X, Nov 25, 2025. He adds that better conditions will take time, suggesting a patience-first stance for BTC positioning until clear confirmation emerges. Source: @CryptoMichNL on X, Nov 25, 2025.