According to @StockMarketNerd, Oracle (ORCL) — a $500B+ mega-cap — has dropped more than 40% over the past 90 days while remaining up about 15% year to date as of Dec 11, 2025 (source: @StockMarketNerd). For traders, large equity drawdowns in top-weight tech names can influence crypto risk appetite because Bitcoin and equities have exhibited stronger co-movements since 2020 (source: International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 2022).