I think 80-85K would be a healthy pullback and the alts would bleed out quite a bit and set us up for what I have been saying. 120K peak in March and then alt season April and May and then people take the money to have their summer fun and people are gassed out for Q3 and Q4 so it never quite gets back to highs be we have some rides.
People aren't saying this because the data has been skewed but this is the worst job market since the great recession and inflation is kicking people's teeth in. People can say my evidence is anecdotal but it's pretty sound in my opinion sourced from different evidence around the country.
Unless the strategic reserve gets cranked up in high gear I personally don't see $175K BTC or any of that this cycle.