According to @stocktalkweekly, over 1,400 individual U.S. stocks are down more than 20% from their highs and roughly half of S&P 500 constituents are trading below their 200-day moving averages, signaling broad market weakness (source: @stocktalkweekly on X, Nov 20, 2025). The author adds that the market needs a near-term positive catalyst to avoid a deeper correction, highlighting the importance of large upside sessions that could reverse breadth deterioration (source: @stocktalkweekly on X, Nov 20, 2025). For crypto traders, weak equity breadth and drawdowns have historically coincided with risk-off moves in digital assets as BTC’s correlation with the S&P 500 rose notably after 2020, increasing spillover risk to BTC and ETH when stocks weaken (source: International Monetary Fund, Crypto Prices Move More in Sync with Stocks, Jan 2022). Actionably, a recovery in S&P 500 breadth above the 200-day moving average and strong upside “breadth thrust” days would be constructive signals for risk assets, while persistent sub-200DMA breadth raises downside risk for BTC and ETH given documented equity-crypto correlation (source: @stocktalkweekly on X, Nov 20, 2025; International Monetary Fund, Jan 2022).