Non-farm jobs down, is the Fed laughing madly? 700 million liquidated in the crypto market, who dragged the bullish traders down?

As soon as the July non-farm data was released, Wall Street's coffee was spilled all over the place—173,000 jobs, far below the expected 200,000, it was simply the "confession balloon" of the job market, singing softly but lackluster. The market was originally waiting for a strong report for support, but instead, it got a weak performance, and bullish traders suddenly lost their footing, causing the crypto market to explode by $700 million, with bullish traders collectively experiencing a "soul exit."
The dismal non-farm payroll this time has directly ignited the old script of "Does the Fed need to cut interest rates?", but Little Powell is not in a hurry to cue the lines this time, letting the market exhaust itself first. The high-altitude plunge led by Bitcoin and Ethereum is like the moment of waking from a daydream. Overnight, bullish traders' accounts changed from "green" to "red", and leveraged players directly turned into "barbells".
Many people exclaim: "Non-farm payrolls are just about employment, what does it have to do with the crypto market?" It has a lot to do with it. The macro economy is a barometer for the crypto market; once the wind direction is off, encryption is bound to "Get Liquidated" on the spot. Especially with data that is "neither good nor bad," which perfectly lands in the middle of expectations, causing extreme division in market sentiment—bears lack faith, bulls lack direction, and in the end, it's all the positions that get liquidated.
This wave of Get Liquidated is not just a numbers game, but more like a test of faith. Who is losing their armor in the chase for gains and panic selling, and who is quietly watching by the USDT and laughing until the end? Remember: the market moves on technology, but emotions lead the funds, dancing a violent waltz. #打榜优质内容#