According to @lisaabramowicz1, the cost of protecting Oracle’s debt via credit default swaps (CDS) reached its highest level since March 2009 yesterday and has more than tripled since June (source: @lisaabramowicz1 on X, Dec 3, 2025). CDS prices represent the cost of insuring against issuer default, so elevated CDS levels signal higher perceived credit risk (source: ISDA, Credit Default Swaps overview). Bitcoin (BTC) and Ethereum (ETH) have shown materially higher co-movement with U.S. equities since 2020, indicating that macro and credit risk shocks can transmit into crypto risk sentiment (source: IMF, Crypto Prices Move More in Sync With Stocks, 2022). Given these linkages, traders may monitor BTC and ETH for volatility if tech credit stress persists and use Oracle’s CDS trajectory as a barometer of risk appetite (source: IMF 2022; @lisaabramowicz1 on X, Dec 3, 2025).