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The U.S. stock market just triggered a major short squeeze — and crypto followed. 🚀 Cooling jobless claims and softer PPI data reinforced expectations for rate cuts, pushing Treasury yields lower and forcing heavily shorted tech and storage names into aggressive short covering. That momentum quickly spilled into crypto: $BTC and $ETH found solid support, with $ETH showing stronger resilience as ETF flows remained supportive. Stock-linked tokens like $xSNDK and $SPCX also surged higher, while most small-cap meme coins experienced only brief speculative pumps. The takeaway: falling yields + short covering created a risk-on wave across both equities and crypto. 👀 #CPIPPIEaseFedSplit #AIInfraEarningsWatch