Last night's non-farm payroll data (NFP) was simply a blow to the bulls. The market expected an increase of 70,000, but it directly exploded to 130,000, and the unemployment rate dropped to 4.3%.
The economy seems strong, but it actually hides dangers. Wall Street immediately traded on the expectation that the Federal Reserve would not cut interest rates, causing the price to instantly drop below $67,000, and the market's fear index plunged into the 'extreme fear' zone. The logic is simple: if the economy is too good, the Federal Reserve has no reason to inject liquidity. Thus, news that is good for the real economy has become poison for liquidity in the cryptocurrency market.
But don't be fooled by appearances; there is a detail that very few people notice: the report significantly revised down the employment data for 2025 by over 1,000,000! This means that the so-called 'strong' performance over the past year is all inflated. This seemingly strong increase of 130,000 is likely to be a 'watered meat' that will be revised down in the future.
The main force is crazily dumping stocks under the guise of this so-called 'macro negative news', essentially taking advantage of information asymmetry to wash out positions. The current decline is more a release of emotional pressure rather than a collapse of fundamentals. For holders of $ETH and altcoins, such a sharp drop triggered by data misalignment is often a bloody chip.
Are you frightened to cut losses and leave the market, or have you seen through this macro data trick and are ready to be greedy when others are fearful?
