Keep pulling the thread on Michael Saylor.
The US "hiring recession" is over, as indicated by strong job growth over the past three months.
Mike McGlone predicts Bitcoin will fall to $10,000.
Based on Navy Federal Credit Union data, US consumers earning $50,000 or less are spending less in inflation-adjusted terms than they did in 2019.
The recent rise of the US Treasury long bond yield to 5% makes it an attractive alternative that will likely draw capital away from the stock market, gold, and cryptocurrencies.
Michael Saylor, who previously stated he would never sell, has begun selling some of his Bitcoin holdings.
Tether is on track to potentially surpass Ethereum in assets under management, possibly becoming the number two cryptocurrency after Bitcoin.
Bitcoin is a leading indicator for risk assets, and the stock market is beginning to follow its recent decline.
A recent pullback in trades in South Korea is a potential leading indicator for a broader market reassessment and profit-taking.
The US economy added an average of 188,000 jobs per month over the past three months.
Recent US job gains have broadened beyond healthcare to include rebounds in transport, warehousing, retail, and construction.
The Black unemployment rate in the US recently hit its lowest level in a year.
US wage growth is at 3.4%, its lowest level in five years.