According to @KobeissiLetter, SoftBank shares are down 15% on the day and 22% over two sessions, with roughly $32 billion in market cap erased today, underscoring acute single-name and sector risk in Japan equities; source: @KobeissiLetter (X, Nov 5, 2025). For trading, the outsized drawdown highlighted by @KobeissiLetter points to elevated gap and volatility risk around Japan tech exposure and index futures, while crypto traders may monitor BTC and ETH for potential risk-appetite read-throughs during major equity selloffs; source: @KobeissiLetter (X, Nov 5, 2025).