Signs Increasingly Point to a Near-term Low as Shutdown Vote Looms

Discussed in today's video:

Market Drivers: Weak labor data and renewed concerns around the AI CapEx cycle weighed on markets. Challenger job cuts rose to the highest level since the first quarter, with “artificial intelligence” cited as the second most common reason for layoffs. This underscores the tangible economic impact of automation and made it an odd session for AI equities to lead the market lower. On-Chain Dynamics: Supply-adjusted coin days destroyed continues to trend higher, indicating distribution from older holders to newer investors. While this can pressure...