According to The Kobeissi Letter, crypto markets were at their highest greed levels in history just two months ago, but last week saw extreme fear levels not observed since the 2022 and 2020 bottoms. This shift underscores crypto's role as a primary leading indicator for risk appetite.

According to André Dragosch, PhD, Bitcoin might serve as a leading indicator in macroeconomic trends, akin to a 'canary in the coal mine'. This assertion, originally noted by Matt Hougan, suggests traders should closely monitor Bitcoin's performance for potential signals of broader economic shifts. The concept implies that fluctuations in Bitcoin's value could precede or reflect changes in global economic conditions, offering traders a strategic advantage in anticipating market movements. (Source: @Andre_Dragosch)

According to André Dragosch, PhD, construction employment typically leads overall employment trends in the US, which could have implications for market participants. Traders might consider monitoring construction employment data as a potential leading indicator for broader economic trends and adjust their strategies accordingly. This insight is particularly relevant in the context of the latest JOLTS report. (Source: André Dragosch, Twitter)