Crypto Faces Its First True Recession Test

[etfs]

Unlike past cycles tied to Bitcoin halvings or global M2 liquidity, Willy Woo says the next downturn could align with a full economic recession — rising unemployment, slowing GDP, and tightening liquidity.

“This time, crypto won’t be isolated from the business cycle,” Woo cautioned.

[EmTeam]

This downturn could be crypto’s defining moment — testing investor conviction beyond speculation.

[Rimon Khan]

Market structure now hinges more on macro liquidity flows than retail fear.