The U.S. just hit a demographic milestone that hasn't occurred in over 50 years—negative net migration in 2025. For those tracking macro trends, this is a data point worth monitoring. Population flows are historically tied to economic cycles and labor market conditions, which ripple across asset classes including crypto markets. When migration patterns shift, it often signals underlying economic pressures or policy changes that reshape risk appetite globally. Keep an eye on how this unfolds alongside other economic indicators heading into 2025.