Wells Fargo flags out-of-favor utilities as next AI beneficiaries paying dividends on AI data center electricity demand impact on utilities sector.

According to the source, Bitcoin (BTC), Ethereum (ETH), and XRP fell sharply as approximately 500 million dollars in crypto positions were liquidated while major stock indices rose during the same session. The source reports a clear divergence between crypto and equities and quantifies the liquidation total at about 500 million dollars, signaling elevated short-term trading risk for crypto markets.

According to The Kobeissi Letter, the Dow Jones Industrial Average extended gains to over 500 points as US markets rebounded on Nov 21, 2025. Source: The Kobeissi Letter on X: https://twitter.com/KobeissiLetter/status/1991912917676220451 Based on this reported equity rebound, traders may monitor BTC and ETH for shifts in liquidity and volatility if risk-on sentiment persists during the US session. Source: The Kobeissi Letter on X: https://twitter.com/KobeissiLetter/status/1991912917676220451 No crypto assets were mentioned in the source, so crypto impact should be assessed via live order flow and correlation screens rather than assumptions. Source: The Kobeissi Letter on X: https://twitter.com/KobeissiLetter/status/1991912917676220451