According to @KobeissiLetter, US stock index futures opened higher while the crypto market lost about $100 billion since Friday, indicating equities are unfazed by the weekend crypto drawdown (source: @KobeissiLetter). @KobeissiLetter adds that gold opened above $4,100 per ounce and bond yields are rising, highlighting a cross-asset backdrop where crypto weakness appears isolated (source: @KobeissiLetter). The -25% crypto downturn is characterized as leverage- and liquidation-driven, and a tradable bottom is more likely once market structure is re-established (source: @KobeissiLetter).