Brent Crude Falls 2% to $105.46; Nasdaq Futures Turn Positive

The move reads as a classic cross-asset risk-on rotation: energy giving back gains while equity futures, led by Nasdaq, recover. For crypto and RWA markets, the signal is less about oil itself than about the broader appetite for risk that tends to accompany softer crude. Whether that correlation holds, or whether the oil pullback is a one-off positioning flush, is the open question worth watching.