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).