Over two dozen US states are now flashing recession signals or already sliding into economic contraction. With 23 states showing high recession risk or actively in downturn, the broader macroeconomic picture is getting harder to ignore. This regional economic fragmentation matters—when state-level economies weaken, it ripples through consumer spending, employment, and ultimately affects risk appetite in financial markets. Crypto investors watching macro trends know the pattern: recession fears typically correlate with flight-to-safety behavior and shifting asset allocation strategies. The question isn't whether these headwinds matter, but how quickly they translate into market repricing across different asset classes.