The US added 165,000 jobs in October, beating the 65,000 forecast by a wide margin. Unemployment fell to 4.1 percent while September figures were revised upward. This strength moved the needle on rate hike bets for December. $BTC reacted by dipping under 75,000 before recovering to its current 76,115 level. My read is that the sheer volume of trades, over 2.6 million in 24 hours, shows liquidity is absorbing the macro shock better than expected. Do you think a hot economy helps crypto more than a rate hike hurts it, or is the downside risk now higher?

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