According to @KobeissiLetter, an intraday alert called for a move back to 6500+ in the S&P 500 on an imminent higher low, with reported long positions up roughly 100 points in under one hour; Source: @KobeissiLetter on X, Aug 22, 2025. For crypto traders, a risk-on spike in U.S. equities can coincide with higher beta in BTC and ETH given documented stock–crypto return correlations since 2020; Source: IMF Research, Crypto Prices Move More in Sync With Stocks, 2022.