【Recruiting Data Triples—So Why Didn’t the Market Rise?】
Yesterday I saw a piece of data: in September, the number of crypto job openings jumped from over 400 to over 1,200. Demand was strongest in Finance, Engineering, and Trading. Bitcoin, Ethereum, and Solana have become the most sought-after skill combination.
What’s interesting about this is—where’s the disconnect?
If you only look at the price, SOL is still hovering around $120. In 24 hours it’s up just 1.2%, and over the past 7 days it has barely moved. The sentiment index (Greed) is 65—pretty lukewarm. On paper, tripling recruiting numbers sounds like good news: it suggests the industry is expanding and talent is flowing in. So why didn’t the market react?
Let me tell you the truth: this round isn’t short on news—it’s short on confidence. Hiring growth is a lagging indicator. It reflects company expansion in the past few months, not conditions right now. But price reflects a “vote” for future expectations. Look at trading volume—it’s painfully low. Everyone’s watching from the sidelines, waiting for a direction.
From a business logic standpoint, these hiring numbers signal a few things: first, institutions are stockpiling people—meaning they still believe in the long-term, even if it’s not time to enter yet; second, skill demand is concentrated around BTC, ETH, and SOL—these three are already industry standard, so newcomers still need to learn them; third, strong demand for Finance and Trading suggests the monetization side is strengthening—it’s not purely in the R&D stage anymore.
This also holds for A-shares. Recently there’s been a steady stream of warm policy winds, but the market is still grinding. I’ve seen this too many times: when the policy bottom shows up, the earnings bottom hasn’t arrived yet—the hardest part is in between. Hiring data is like a company’s “vote”; it can tell you more than the candlestick chart. Someone is betting on this theme—it’s just not the right time.
At SOL’s current level, it’s already pulled back nearly 60% from the highs. I’m not predicting up or down, but ranges like this are often where long-term capital starts paying attention. The key is: you need to have the “ammunition” to be there when that turning point comes.
What do you think about this? Hiring is improving, but the market hasn’t moved. Do you think it’s still not the right timing—or that the whole thing just has no chance at all?
Yesterday I saw a piece of data: in September, the number of crypto job openings jumped from over 400 to over 1,200. Demand was strongest in Finance, Engineering, and Trading. Bitcoin, Ethereum, and Solana have become the most sought-after skill combination.
What’s interesting about this is—where’s the disconnect?
If you only look at the price, SOL is still hovering around $120. In 24 hours it’s up just 1.2%, and over the past 7 days it has barely moved. The sentiment index (Greed) is 65—pretty lukewarm. On paper, tripling recruiting numbers sounds like good news: it suggests the industry is expanding and talent is flowing in. So why didn’t the market react?
Let me tell you the truth: this round isn’t short on news—it’s short on confidence. Hiring growth is a lagging indicator. It reflects company expansion in the past few months, not conditions right now. But price reflects a “vote” for future expectations. Look at trading volume—it’s painfully low. Everyone’s watching from the sidelines, waiting for a direction.
From a business logic standpoint, these hiring numbers signal a few things: first, institutions are stockpiling people—meaning they still believe in the long-term, even if it’s not time to enter yet; second, skill demand is concentrated around BTC, ETH, and SOL—these three are already industry standard, so newcomers still need to learn them; third, strong demand for Finance and Trading suggests the monetization side is strengthening—it’s not purely in the R&D stage anymore.
This also holds for A-shares. Recently there’s been a steady stream of warm policy winds, but the market is still grinding. I’ve seen this too many times: when the policy bottom shows up, the earnings bottom hasn’t arrived yet—the hardest part is in between. Hiring data is like a company’s “vote”; it can tell you more than the candlestick chart. Someone is betting on this theme—it’s just not the right time.
At SOL’s current level, it’s already pulled back nearly 60% from the highs. I’m not predicting up or down, but ranges like this are often where long-term capital starts paying attention. The key is: you need to have the “ammunition” to be there when that turning point comes.
What do you think about this? Hiring is improving, but the market hasn’t moved. Do you think it’s still not the right timing—or that the whole thing just has no chance at all?