According to Gordon (@AltcoinGordon), U.S. Treasury Secretary Scott Bessent has described the recent market drop as a 'healthy correction' but also acknowledged the possibility of a recession. This statement highlights the current volatility in the market and the potential for further economic downturns, which traders should monitor closely for risk management and strategic positioning.

According to The Kobeissi Letter, the market probabilities of a US recession are increasing, with 5-year Treasuries now pricing in a 52% chance of a recession within the next 12 months, up from 45% in November. Additionally, the recession odds priced-in by the Russell 2000 index have surged to 48% from just 1% in November, signaling heightened market concerns over economic downturns.