The non-farm payrolls have undermined confidence, encryption has gotten liquidated, and will the July employment data become a "killer weapon" in the crypto world?

The non-farm employment in July was as cold as the winter of Bitcoin in 2019, with only a growth of 175,000 directly igniting the "macro sentiment pot" in the market. However, unexpectedly, the crypto market did not "ride the wave" because of this, but instead "sank to the bottom."

Bitcoin broke below support, Ethereum returned to a low zone, and the bulls suffered a "whale slide." The contract liquidation reached 710 million USD—bears laughed three times, while bulls were cut nine inches deep.
The non-farm payroll became the catalyst, but the fundamental reason is that the crypto world overly relies on "macroeconomic fantasies" while ignoring that the liquidity in the blockchain space is actually as "fragile as glass."

Don't always indulge in the self-satisfaction of "macro negative equals crypto world positive"; the market is not your friend's chat group, it is an aggregate of emotions. The weak non-farm data only tells you: the Fed may not raise interest rates in the short term, but inflation is not dead, the dollar is still strong, and risk assets must tremble.

At this moment, don't play too fancy. Spot allocation > contract liquidation, short-term Position control is the foundation of survival. Don't fantasize about "macro boosting"; a real bull market is built on the solid foundation of the crypto world itself. #打榜优质内容#