According to @KobeissiLetter, investors sold $10.0 billion of US equities last week, marking the 6th weekly sale in the last 8 (source: @KobeissiLetter, Nov 6, 2025). US single stocks saw near-record outflows of $10.9 billion, driven by tech posting its largest outflow as a share of sector market cap since July 2023 (source: @KobeissiLetter). Institutional investors led with $7.6 billion in net selling, the 2nd-largest outflow on record and the biggest since September 2015, while retail bought $800 million, their 4th consecutive weekly purchase (source: @KobeissiLetter). For traders, broad institutional de-risking from high-beta tech can pressure correlated risk assets; the IMF has documented that crypto and US equities have become more synchronized since 2020, increasing spillover risk to BTC and ETH during risk-off episodes (source: IMF, Crypto Prices Move More in Sync With Stocks, Jan 2022).