Hupzy (Spot On Chain)|Nov 04, 2026 01:46
S&P 500 futures hit a fresh session low as Democrat clean-sweep odds climbed from 91% to 𝟵𝟱% intraday, erasing roughly $𝟱𝟬𝟬𝗕 in equity market cap.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: The risk-off move is accelerating, not stabilizing. A Democratic sweep adds uncertainty across crypto regulation, tax policy, and fiscal direction — all feeding the discount-rate channel that pressures non-yielding risk assets like BTC. Near-term downside stays on BTC and SP500 perps.
The key watch is whether selling accelerates into the close or stabilizes as odds plateau at extreme levels.
source: KobeissiLetter
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