Record-breaking $257.8B in US online holiday shopping—what this means for the broader economy. When consumer spending hits these levels, it often signals underlying economic confidence (or debt-fueled consumption). The data matters because macro trends like this eventually ripple through asset classes, including crypto markets. Strong consumer activity typically correlates with risk appetite in speculative assets, while economic slowdowns often trigger flight-to-safety behavior. Worth watching how retail momentum sustains into Q1.