The August jobs report just gave the Fed hawks something to work with. NFP: 162K vs 56K expected, while unemployment held at 4.1%. Markets subsequently increased the probability of a September hike. Why does this matter beyond employment? A stronger labor market can reduce the case for near-term easing, putting pressure on Treasury yields and risk assets while supporting the dollar. That leaves $BTC , equities and gold in the reaction zone too. I’m watching the cross-market move on BingX TradFi, but the jobs number isn’t the whole story. CPI and PPI are still ahead and could change the Fed conversation again. #MacroData #NFP