​Today, the market received economic data that directly shifted expectations regarding US interest rates. The payroll report showed the creation of only 29,000 jobs in September, falling significantly short of the expected ~90,000. Unemployment rose to 4.2%, monthly wage growth stagnated at just 0.1%, and previous months' figures were revised downwards. In short, the American labor market displayed greater weakness than anticipated.

​The market reaction was almost immediate. The probability of another rate hike by the Federal Reserve fell from approximately 25% to 13%, Treasury yields declined, and the US dollar weakened. This shift created a favorable environment for liquidity-sensitive assets, explaining why Bitcoin, gold, and silver surged almost simultaneously.

​Bitcoin broke through $86,000, approaching $87,000. Gold crossed $4,200, hitting the $4,226 region. Silver moved up from $60.80 to reach $61.90 within just a few candles. Furthermore, Bitcoin's open interest grew by roughly $2.3 billion in recent days, indicating a substantial increase in exposure across derivatives markets.

​Looking strictly at the estimated repricing of global gold and silver stockpiles during this movement, the combined market value gained nearly $400 billion in a matter of minutes. While this does not mean $400 billion of actual capital flowed into these markets, it underscores the massive revaluation driven by changing expectations around interest rates, the US dollar, and global liquidity.#Silver #BTC #GOLD