nfpweek

September NFP came in shockingly weak +29K vs ∼90K expected, unemployment up to 4.2%, wage growth cooling to 3.0% YoY. July revised to -10K, August to 133K.
The initial reaction was textbook:
Weak jobs → Lower rate-hike odds → Lower yields → BTC higher.
Bitcoin spiked to ∼$87,229.
Then came the twist.
$87.3K was rejected again.
Ahead of the release, Bitcoin Open Interest had already jumped +$2.3B while funding rates were climbing — long leverage was stacking into the event.
Now BTC is back around $84.6K, with ∼$54.5B still locked in futures Open Interest.
The market answered one question clearly: A weak NFP print can ignite a rally. But it doesn't guarantee a breakout.
What I'm watching next isn't the headline jobs number. It's whether BTC can reclaim the $87K–$87.3K supply zone without another leverage flush.
Not financial advice. The jobs report was materially weaker than expected, but the initial move has already faded and the market remains highly levered.
$BTC $ETH $SOL
#NFPWeek #Binance #CryptoMarkets