According to @business, Bank of America strategists warn European equities could fall more than 10% in the coming months as investors underestimate the threat of a weaker economy. Source: Bloomberg. The warning implies elevated downside risk for key benchmarks such as the STOXX Europe 600 and Germany's DAX over the stated window, with macro deterioration cited as the driver of potential losses. Source: Bloomberg. For crypto traders, this macro signal reported by Bloomberg is a risk cue to monitor alongside BTC and ETH liquidity and volatility conditions given potential spillover from equity drawdowns. Source: Bloomberg.