According to The Stock Sniper (@Ultra_Calls), there have been significant put option sweeps on both SPY and QQQ as of May 27, 2025, indicating heightened bearish sentiment in major US equity ETFs. This surge in defensive positioning signals increased risk aversion among institutional investors, which often correlates with higher volatility in both traditional equities and the cryptocurrency market. Historically, large put activity on SPY and QQQ has preceded short-term corrections in risk assets, suggesting crypto traders should monitor for potential spillover effects and increased Bitcoin and Ethereum volatility. Source: @Ultra_Calls on Twitter.