🚨 BREAKING: September NFP DISASTER - Bullish for Crypto! 🚀
September NFP came in at JUST 29,000 - MISSING the 90,000 consensus by a HUGE margin!
Labor Data:
🔴 NFP: 29,000 vs 90,000 Expected (-61k MISS!)
🔴 BofA Floor: 60,000 - Even most cautious estimate WRONG by 2x
📈 Unemployment: Rose to 4.2% from 4.1%
📉 October Hike Odds: Collapsed from 71% to 30% BEFORE release
The labor market argument for tightening is GONE! ❌
Crypto Reaction:
🟢 $BTCheld near $86,500 STRONG
🟢 Funding Rates at 10% - Triple Sept 30 level!
🟢 Open Interest: 653,000 BTC heading into print
🟢 $BNB Chain crossed $1.1B in tokenized stocks = 30% of $3.7B market!
Plus: SEC proposed crypto asset custody framework for advisers & funds. Strategy surpassed Saudi National Bank by market cap!
💡 My Take: Weak labor data = Fed rate cut expectations UP = Liquidity tailwind for $BTC & Altcoins!
Bullish or Bearish for next week? Comment below 👇
#NFP #BreakingNews #Fed #Bitcoin
September NFP came in at JUST 29,000 - MISSING the 90,000 consensus by a HUGE margin!
Labor Data:
🔴 NFP: 29,000 vs 90,000 Expected (-61k MISS!)
🔴 BofA Floor: 60,000 - Even most cautious estimate WRONG by 2x
📈 Unemployment: Rose to 4.2% from 4.1%
📉 October Hike Odds: Collapsed from 71% to 30% BEFORE release
The labor market argument for tightening is GONE! ❌
Crypto Reaction:
🟢 $BTCheld near $86,500 STRONG
🟢 Funding Rates at 10% - Triple Sept 30 level!
🟢 Open Interest: 653,000 BTC heading into print
🟢 $BNB Chain crossed $1.1B in tokenized stocks = 30% of $3.7B market!
Plus: SEC proposed crypto asset custody framework for advisers & funds. Strategy surpassed Saudi National Bank by market cap!
💡 My Take: Weak labor data = Fed rate cut expectations UP = Liquidity tailwind for $BTC & Altcoins!
Bullish or Bearish for next week? Comment below 👇
#NFP #BreakingNews #Fed #Bitcoin
