🚨 $BTC — WEAK JOBS DATA JUST CHANGED THE MACRO PICTURE.
September payrolls came in at just 29K, far below the 84K forecast, while unemployment climbed to 4.2%.
Markets immediately repriced rate expectations, sending Treasury yields lower as Bitcoin pushed toward $87K.
Here’s the key:
A cooling labor market gives the Fed less pressure to keep tightening aggressively. That can improve liquidity conditions and increase appetite for risk assets.
And when liquidity starts moving back toward risk...
Bitcoin and crypto are usually among the first markets traders watch. 👀
$BTC $ETH
September payrolls came in at just 29K, far below the 84K forecast, while unemployment climbed to 4.2%.
Markets immediately repriced rate expectations, sending Treasury yields lower as Bitcoin pushed toward $87K.
Here’s the key:
A cooling labor market gives the Fed less pressure to keep tightening aggressively. That can improve liquidity conditions and increase appetite for risk assets.
And when liquidity starts moving back toward risk...
Bitcoin and crypto are usually among the first markets traders watch. 👀
$BTC $ETH
