In this global macro update, Nik  analyzes the latest economic data and market moves, from recession fears and falling stock prices to Bitcoin’s rebound. He breaks down the drop in consumer sentiment, the wealth effect’s impact on spending, and the yield curve’s steepening as markets price in rate cuts. With Treasury yields falling and gold hitting $3,000, he examines liquidity conditions and shifting inflation expectations. Nik wraps up with Bitcoin’s technical and on-chain indicators, assessing what the latest price action signals for the market ahead.

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Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc

Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball

Chapters:

00:00:00 Understanding Market Volatility and Recession Fears  

00:03:52 Current State of the US Economy and Consumer Sentiment

00:07:36 FED Rate Cuts Expected in 2025  

00:11:26 Global Monetary Shifts and China's Gold Strategy

00:14:58 Understanding US Treasury Yields and Market Expectations

00:18:34 Understanding the US Treasury Deficit and Market Impact

00:22:15 Understanding the MOVE Index and Its Impact on Risk Assets  

00:26:07 The Impact of Bond Volatility on Market Dynamics

00:29:44 Economic Slowdown and Its Impact on Inflation

The Bitcoin Layer and its guests do not provide investment advice.