Thunder tonight! The U.S. non-farm payroll may be revised down by millions, completely shattering the employment myth.
The global market holds its breath tonight! The delayed January non-farm payroll report from the U.S. is set to make a significant impact, with the largest data revision in history expected, as nearly a million jobs may vanish into thin air, exposing the lie of a 'strong recovery' in the U.S. economy.
This revision includes a double downward adjustment: the benchmark revision for April 2024 to March 2025 is lowered by 750,000 to 900,000 jobs, combined with a further reduction of 500,000 to 700,000 from the 'birth-death model', bringing the total adjustment close to a million. The fraudulent PPP loans during the pandemic have spawned a large number of fake companies, leading to long-term distortions in employment data, which will be fully revealed tonight.
The truth after the revision is extremely harsh: the U.S. job market had already fallen below the stall line by mid-2024, with a three-month average of only 55,000, far below the 180,000 boom-bust line, and at least five months of negative job growth expected in 2025, confirming the economic weakness.
This shock directly forces the Federal Reserve to pivot, with interest rate cut pressures soaring sharply, as the market has bet on a total cut of 100 basis points for the year, fully igniting expectations for easing. For the cryptocurrency market, the liquidity turning point is approaching, heralding a key catalyst for the market.
With solid evidence of data falsification in the U.S. and the Federal Reserve being forced to inject liquidity, do you think tonight's non-farm payroll will trigger a new wave of bullish momentum for BTC?
