The job market's taking a darker turn than most anticipated. Recent data suggests US layoffs are tracking to surpass levels last seen during the 2008 financial meltdown—a sobering signal for anyone watching economic indicators. Back then, the credit crunch triggered mass unemployment that rippled through every asset class. Today's cuts are hitting tech and finance hardest, raising questions about whether we're staring down another systemic shakeup. For crypto holders, this matters: recessions historically crush risk appetite, though some argue digital assets could behave differently this cycle. Either way, when pink slips pile up like this, liquidity dries fast. Keep an eye on unemployment figures—they're flashing yellow, maybe red.