According to @CNBC, the ongoing crypto sell-off threatens to remove 2025’s strongest stock market support — retail trader buying — signaling potential pressure on equities if retail participation fades (source: CNBC). @CNBC states that retail traders have been the biggest supporter of the stock market this year, making crypto-to-equity spillover risk a key focus for traders (source: CNBC).

According to @StockMKTNewz, the U.S. stock market just had its worst day since April. Source: @StockMKTNewz on X, Oct 10, 2025. Historical research shows that equity selloffs can increase short-term correlation between Bitcoin and U.S. stocks, raising spillover risk to BTC and ETH during stress. Source: International Monetary Fund, Crypto Prices Move with Stocks, Jan 2022. BIS analysis also documents stronger co-movement between crypto assets and global risk sentiment in downturns, signaling potential synchronized volatility across markets that crypto traders should factor into positioning. Source: Bank for International Settlements, BIS Quarterly Review 2022, Crypto shocks and spillovers.