According to @KobeissiLetter, the Nasdaq flipped positive intraday after being down nearly 2 percent pre-market and the S&P 500 also turned green, rising about 1.5 percent from its low at the open, source: @KobeissiLetter. Historically, U.S. equity intraday reversals have coincided with higher short-term beta and positive correlation in BTC and ETH versus the Nasdaq during macro-driven sessions, which crypto traders monitor for momentum spillover, source: Kaiko Research; Coin Metrics.