According to @StockMKTNewz, 69% of S&P 500 index members that have reported earnings have beaten expectations, the highest beat ratio in four years, citing Bloomberg. FactSet’s Earnings Insight tracks beat rates as a core gauge of earnings breadth used by market participants, making this metric directly relevant for equity positioning, source: FactSet. IMF research finds BTC’s returns have become more correlated with the S&P 500 since 2020, so stronger US earnings breadth can coincide with supportive risk sentiment for crypto when correlations are elevated, source: International Monetary Fund.

According to Lisa Abramowicz, about 85% of S&P 500 companies that have reported Q3 2025 earnings have surpassed profit estimates, the highest proportion in more than four years. Source: Bloomberg via Lisa Abramowicz on X. This indicates stronger-than-expected corporate profitability among the firms that have reported so far in Q3 2025. Source: Bloomberg via Lisa Abramowicz on X. Bitcoin and other crypto assets have exhibited increased co-movement with US equities in recent years, suggesting that positive US earnings cycles can influence crypto market sentiment and flows. Source: IMF Global Financial Stability Report 2022. Traders watching BTC and ETH can monitor S&P 500 futures and cross-asset momentum during the Q3 earnings window given the documented equity-crypto co-movement. Source: IMF Global Financial Stability Report 2022.