Steel capacity utilization in the US hit 75.7% for the week ending January 10. This metric matters because it reflects industrial activity and manufacturing momentum, which are key indicators of broader economic health. When capacity utilization climbs, it typically signals stronger demand and economic expansion—factors that historically influence risk asset performance, including crypto markets. The data point shows industrial sectors aren't running at maximum efficiency yet, suggesting there's still room for growth before bottlenecks emerge. For traders watching macro trends, this data feeds into the larger picture of whether the economy is accelerating or cooling off. Higher utilization rates often correlate with inflation concerns and interest rate expectations, which can ripple through crypto asset valuations. It's one of those behind-the-scenes economic readings that doesn't grab headlines but absolutely shapes market sentiment.