According to @KobeissiLetter, the Nasdaq 100 fell more than 1.7% intraday as concerns mounted over Oracle’s debt, with the firm framing the move as near-term volatility within a broader uptrend. Source: The Kobeissi Letter on X, Dec 17, 2025. The resurgence of the AI bubble narrative signals risk-off in mega-cap tech, a backdrop that has historically aligned with stronger positive stock-crypto correlation and higher downside beta in BTC and ETH during selloffs. Source: IMF blog “Crypto Prices Move More in Sync With Stocks, Posing New Risks,” Jan 2022; IMF Global Financial Stability Report, Oct 2022.