According to @Andre_Dragosch, a composite of leading macro surveys he computed indicates Bitcoin (BTC) is currently pricing in the most bearish global growth outlook since 2022 and 2020, effectively a recessionary growth environment (source: @Andre_Dragosch). According to @Andre_Dragosch, this means a large share of bad macro news is already in the price, creating an asymmetric risk-reward setup if growth expectations recover (source: @Andre_Dragosch). According to @Andre_Dragosch, preceding monetary stimulus points to accelerating global growth into 2026, implying potential upside if survey-based expectations inflect higher (source: @Andre_Dragosch). According to @Andre_Dragosch, the last comparable setup was March 2020 when BTC quickly rebounded and later rose roughly 6x by year-end 2020, underscoring the beta sensitivity to macro sentiment shifts (source: @Andre_Dragosch). According to @Andre_Dragosch, traders should track leading growth surveys and liquidity gauges to time entries around any sentiment reversal reflected by his model (source: @Andre_Dragosch).

According to @Andre_Dragosch citing @Callum_Thomas, current global economic indicators suggest that a significant revival in global growth is possible without direct intervention from the US Federal Reserve, which could positively influence Bitcoin and other major cryptocurrencies over the coming months. This view is supported by macroeconomic data showing improving international demand and risk sentiment. For traders, this reduces reliance on US monetary policy cycles and shifts focus toward global macro drivers, potentially increasing Bitcoin's appeal as a hedge and risk asset. The shift in narrative may also drive increased institutional flows into the crypto market, as noted by @Andre_Dragosch on May 8, 2025.