According to @52kskew, BTC is being passively quoted higher today. Source: @52kskew on X, Nov 24, 2025. The move appears tied to ES, yet the relationship is not behaving like a normal correlation, pointing to someone forcing a correlation trade or a single correlation algorithm being switched back on. Source: @52kskew on X, Nov 24, 2025. This indicates correlation-driven flow is the key driver of BTC intraday price action today. Source: @52kskew on X, Nov 24, 2025.

According to the source, Trump brothers’ American Bitcoin increased its BTC holdings to $415 million while the company’s stock seesawed, highlighting elevated volatility and tighter linkage to BTC that equity traders should monitor for correlation, liquidity, and headline-risk management; source: the source.

According to @KobeissiLetter, Nasdaq 100 futures extended gains to over +1% as investors priced out trade tensions between the US and China, indicating stronger tech-led equity sentiment into the session, source: @KobeissiLetter on X, Oct 15, 2025. Nasdaq 100 futures reflect expected performance of the tech-heavy Nasdaq-100 Index, concentrating moves in large-cap technology exposure that often leads broader risk assets, source: Nasdaq, Nasdaq-100 Index methodology. Historically, crypto prices have exhibited higher co-movement with US equities since 2020, suggesting that equity risk-on phases can transmit to BTC and ETH performance, source: International Monetary Fund, January 2022 Global Financial Stability Note. Traders in BTC and ETH can monitor whether today’s equity-led risk appetite spills over during US trading hours given documented cross-asset linkages, source: International Monetary Fund, January 2022 Global Financial Stability Note.