According to The Kobeissi Letter, UnitedHealth ($UNH) has experienced an almost unprecedented sell-off, dropping over 55% in one month—the first time a Dow 30 stock has seen this level of decline since 1998, when $UNH also suffered a similar loss (source: The Kobeissi Letter on Twitter, May 15, 2025). This rapid decline has heightened market volatility and risk-off sentiment, which has spilled over into the cryptocurrency market as investors reassess exposure to high-risk assets during major stock market shocks.