According to @StockMKTNewz, Michael Burry said he is currently holding put options on Oracle (ORCL) (source: @StockMKTNewz on X, Jan 10, 2026). Put options typically gain value when the underlying stock declines and are commonly used to hedge downside risk (source: SEC Investor.gov). Equity risk sentiment can spill over to crypto, and Bitcoin (BTC) has shown positive correlation with equities in recent years (source: International Monetary Fund research).