🌹 It seems that Bitcoin (BTC) is behaving as if a recession is imminent — even though macroeconomic data suggests otherwise. Andre Dragosh, Head of European Research at Bitwise Asset Management, explained in a post on platform X on Friday that Bitcoin is currently pricing in the most pessimistic outlook for global growth since the Federal Reserve's tightening cycle in 2022 and the collapse of the COVID-19 pandemic in 2020. 🌹 At the same time, macroeconomic expectations are likely to shift. The CME FedWatch tool shows that traders are assigning an 86.4% chance of the Federal Reserve cutting the benchmark interest rate by 25 basis points to a range of 3.5%-3.75% at the central bank's monetary policy meeting in December.