Traders rush to buy Bitcoin ahead of a strong US job report, creating a breakout in trading volume of over 100 million USD on Binance.
Despite macro factors, the bullish trend for Bitcoin and altcoins is gradually becoming clearer, opening up wider breakout possibilities for the cryptocurrency market.
MAIN CONTENT
Net Bitcoin buying volume on Binance hit a record high before the US job report.
Positive job reports reinforce expectations for tight monetary policy.
Pressure from a strong USD poses challenges, but altcoins have the potential for better growth.
What does aggressive Bitcoin buying on Binance signify?
Industry technicians report that net Bitcoin buying volume on Binance exceeded 100 million USD just before the US non-farm payroll report, indicating a positive investment sentiment and high risk acceptance.
CryptoQuant data indicates a surge in Net Taker Volume, meaning traders are not waiting for prices to drop but are buying immediately, showing a clear FOMO trend. Matt Mena, a cryptocurrency research strategist at 21Shares, emphasizes that Bitcoin, although fluctuating, has strong liquidity, and Bitcoin Dominance dropping by 3% indicates that altcoins are starting to gain attractiveness.
"Bitcoin dominance dropping by 3% in recent days is a signal that the altcoin market is starting to heat up."
Matt Mena, Crypto Research Strategist at 21Shares, 2025
How does the US job report affect the cryptocurrency market?
On July 3rd, the US Nonfarm Payrolls report exceeded forecasts with an increase of 147,000 jobs compared to expectations of 110,000-118,000, and the unemployment rate dropped to its lowest level of 4.1% since February. Economic stability makes it less likely for the Fed to cut interest rates in the short term.
According to Matt Mena, the strong economy is preparing the market for a Bitcoin growth scenario towards 200,000 USD, while also creating a favorable environment for altcoins as investment capital gradually shifts to the broader market.
"Bitcoin could decisively break through to the 200,000 USD threshold and beyond."
Matt Mena, 21Shares, 2025
Why could a strong USD be a challenge for Bitcoin?
The positive job results will cause the Fed to keep interest rates high, the USD will appreciate, creating historical adjustment pressure for Bitcoin according to cryptocurrency market fluctuations. Therefore, despite many bullish bets, investors still face significant risks.
Matt Mena commented that this macro boost creates a challenging phase but also opens up new liquidity opportunities as inflation cools down and the market awaits capital flows to return.
"When the labor market is stable, inflation is down, and liquidity appears, both traditional and digital assets react positively."
Matt Mena, Research Strategist, 2025
Real-world examples illustrate this trend
Net trading volume on Binance exceeded 100 million USD in the hour before the US job report, which is seen as a typical example of market heat in the context of a significant macro event. This buying momentum also pushed Bitcoin's price past an important psychological threshold before the data was published.
Frequently Asked Questions
What is Bitcoin Net Taker Volume? It is the difference between net buying volume and net selling volume on an exchange, reflecting actual buying and selling pressure from investors. What factors influence the Fed's interest rate policy? The US economy, including job reports and inflation, is the key indicator that guides the Fed's monetary policy. Why does Bitcoin often come under pressure when the USD is strong? A strong USD typically pulls capital away from risk assets like cryptocurrencies due to safer and more attractive investment opportunities. How can altcoins develop in the current context? When Bitcoin remains stable, capital can shift to altcoins, helping this group grow in sync or even more strongly. How can investors avoid risks during periods of volatility due to monetary policy? Implementing tight risk management, diversifying portfolios, and regularly updating economic information are effective strategies.
Source: https://tintucbitcoin.com/bitcoin-chuan-bi-bung-no-thi-truong-tien-dien-tu/
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