【Non-Farm Only Adds 29,000 Jobs; Bitcoin Reverses and Soars to $86,000—What Is the Money Betting On?🔥📈】
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First, look at these employment data. In September, the U.S. added only 29,000 jobs. The market had originally expected 84,000. That’s a huge miss. The unemployment rate also rose to 4.2%. The first two months were revised down by another 60,000.🍂
The bond market reacted most directly. The yield on the U.S. 2-year Treasury fell by 7.7 basis points. The 10-year fell by 5.6 basis points. The 30-year dropped by 2.8 basis points. All three lines moved down together. They had only just hit fresh record highs this century a few days ago.📉
The logic is simple. If jobs are harder to find, the case for further rate hikes weakens. Traders immediately slashed rate-hike bets downward. The probability of holding rates steady in October surged to 82.8%. The next rate hike was pushed out to year-end. Some people even said, “A rate hike in October won’t happen.”🧊
Bitcoin’s reaction was the most straightforward. As soon as the data came out, the price moved above $86,000. The intraday gain was close to 3%. Gold also jumped higher. U.S. stock index futures rose in tandem. This time, both the cautious and the adventurous went up together.🚀
The money is moving back, too. On Thursday, U.S. Bitcoin ETFs saw net inflows of $103 million. Just one—BlackRock’s—bought in $196 million. In the past 30 days, cumulative inflows totaled $2.99 billion. The record of nine consecutive up days was broken by just one day, and the money came right back. The institutions’ hands never really stopped.💰
On the other side, it’s much colder. Ethereum ETFs recorded net outflows for the third straight trading day. On Thursday alone, another $55.37 million left. With the same set of data in front of everyone, the money only chooses Bitcoin. This kind of favoritism is rare in a bull market. The next data release will give the answer soon.⚖️
📌 A shockingly cool employment report not only scattered rate-hike expectations, but also pushed Bitcoin up to $86,000.
So is the market actually turning for real now? In this wave, do you dare to chase?
Join Mr. X’s fan chat group on the homepage🔥
First, look at these employment data. In September, the U.S. added only 29,000 jobs. The market had originally expected 84,000. That’s a huge miss. The unemployment rate also rose to 4.2%. The first two months were revised down by another 60,000.🍂
The bond market reacted most directly. The yield on the U.S. 2-year Treasury fell by 7.7 basis points. The 10-year fell by 5.6 basis points. The 30-year dropped by 2.8 basis points. All three lines moved down together. They had only just hit fresh record highs this century a few days ago.📉
The logic is simple. If jobs are harder to find, the case for further rate hikes weakens. Traders immediately slashed rate-hike bets downward. The probability of holding rates steady in October surged to 82.8%. The next rate hike was pushed out to year-end. Some people even said, “A rate hike in October won’t happen.”🧊
Bitcoin’s reaction was the most straightforward. As soon as the data came out, the price moved above $86,000. The intraday gain was close to 3%. Gold also jumped higher. U.S. stock index futures rose in tandem. This time, both the cautious and the adventurous went up together.🚀
The money is moving back, too. On Thursday, U.S. Bitcoin ETFs saw net inflows of $103 million. Just one—BlackRock’s—bought in $196 million. In the past 30 days, cumulative inflows totaled $2.99 billion. The record of nine consecutive up days was broken by just one day, and the money came right back. The institutions’ hands never really stopped.💰
On the other side, it’s much colder. Ethereum ETFs recorded net outflows for the third straight trading day. On Thursday alone, another $55.37 million left. With the same set of data in front of everyone, the money only chooses Bitcoin. This kind of favoritism is rare in a bull market. The next data release will give the answer soon.⚖️
📌 A shockingly cool employment report not only scattered rate-hike expectations, but also pushed Bitcoin up to $86,000.
So is the market actually turning for real now? In this wave, do you dare to chase?
