How does non-farm payroll data affect the market?



Strong non-farm = bearish?
Path: Employment ↑ → Inflation anxiety ↑ → Federal Reserve hawkish → USD liquidity injection → BTC/ETH take a hit
Weak non-farm = bullish?
Path: Employment ↓ → Recession panic ↑ → Rate cut expectations → Liquidity floodgates open → Funds rush into crypto

Honestly, I don’t know how the market will move after the non-farm report.
But one thing is certain: during extreme macro events, on-chain data is more honest than Twitter sentiment #2月非农意外负增长 #特朗普15%全球关税将生效 #链上
BTC-0,89%
ETH-0,31%
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