According to @BullTheoryio, the S&P 500 hit 6932 and posted its highest weekly close on record, signaling a strong risk-on backdrop in U.S. equities (source: @BullTheoryio). Historically, rising U.S. equities have coincided with higher crypto beta, with BTC and ETH increasingly correlated to the S&P 500 since 2020, transmitting equity momentum into digital assets during risk-on phases (source: IMF 2022 research; BIS 2022 analysis). For trading, watch whether SPX holds the reported 6932 weekly close as support and monitor the rolling BTC-SPX correlation plus equity volatility via VIX to gauge follow-through into BTC and ETH spot and futures liquidity (source: @BullTheoryio; IMF 2022 research; Cboe). Correlation regimes are time-varying and can reverse quickly, so position sizing and hedges should account for potential decoupling between crypto and stocks even after equity breakouts (source: IMF 2022 research; BIS 2022 analysis).