Brothers, America has exploded! This is no joke; it's a naked political data war! In the early hours of August 2, Trump angrily accused the Bureau of Labor Statistics of 'falsifying employment data,' directly firing the director, triggering a global trust crisis! Immediately after, Bitcoin crashes below key levels, with liquidations reaching $860 million in 24 hours!
Even more outrageous, a Federal Reserve board member resigns in a flash, Powell is named and pressured to step down, marking the official bankruptcy of 'central bank independence'—this is the darkest moment for the U.S. financial system, the crypto space will face a new round of life-and-death reshuffling!
BTC briefly falls below 112,000, ETH approaches 3,300, altcoins are in dire straits—but behind the crisis, it's exactly when smart capital quietly enters!
I am Old Zhu, today I will expose the financial conspiracy behind this data scam and provide my exclusive 'August turnaround strategy,' revealing the wealth code hidden in this crash!
Explosive news: Trump launches 'Data War,' the Bitcoin market is flooded with blood!
On August 2, U.S. President Trump brazenly fired Bureau of Labor Statistics director Erika McEntarfer, accusing her of 'falsifying employment data to assist Harris's campaign,' igniting a global trust crisis! Three deadly bombs explode simultaneously.
Employment data collapse: Only 73,000 new non-farm jobs in July, and the previous two months' data was 'violently revised down' by 258,000 jobs, marking the worst record of the year
Political intervention confirmed: Trump accuses 'Biden's team of manipulating data' without evidence, the 20-year veteran head of the Bureau of Labor Statistics is shown the door
Federal Reserve's covert war escalates: Board member Adriana Kugler resigns in a flash, Trump declares 'Powell should retire,' central bank independence is a mere facade!
The market votes with a crash: U.S. stocks evaporate a trillion in value in one day, the Dow plunges 1.6%! Bitcoin falls below $112,000, with $863 million liquidated in 24 hours, and leveraged longs are scattered everywhere!
Deep dive: The killing opportunities behind the data falsification roan
Data politicization—the 'gray rhino' of America's trust collapse
Trump's firepower targets the heart of the U.S. economy: 'The Bureau of Labor Statistics has become a tool of the Democratic Party!' He pulled up the old accounts of overestimating data by 818,000 in March 2024 and inflating it by 112,000 before the election, yet he rages over this year's continuous downward data revisions. Economists criticize: 'This is authoritarian behavior, and America's data credibility is dying!'
Even scarier—response rates plummet! The sample size for data collection by the Bureau of Labor Statistics has sharply decreased, with corporate response rates crashing from 80.3% in 2020 to 67.1%, the so-called 'authoritative data' has become like blind men touching an elephant.
The culprit behind Bitcoin's crash: Leverage strangulation and macro collapse
Liquidation tsunami: BTC falls below key support of $114,000, triggering a chain reaction of algorithmic trading liquidations, $863 million evaporated! Ethereum follows suit and becomes a heavy disaster area.
Large holder exit signal: Galaxy Digital sells 80,000 BTC ($9.6 billion) off-exchange, with unrealized profits reaching up to $1.4 trillion looming large
Federal Reserve interest rate cut gamble: Weak data sends September rate cut probability soaring to 73%, but Powell stubbornly 'insists on data dependency,' policy division sparks uncertainty!
Market bloodbath overview: The leverage meat grinder is activated, 160,000 retail investors become sacrifices
Bitcoin's death line breached: This morning briefly falling below $112,000 (lowest at $111,952), 24-hour decline expands to 3.02%, Ethereum also drops to $3,377 (down 2.42%), hitting a new low since July.
Liquidation tsunami: Over $700 million in contracts liquidated across the network in 24 hours, with 163,000 investors being liquidated, of which 89% were long positions, the largest single liquidation reached $4.45 million (Binance-ETHUSDC).
Altcoins suffer severe declines: SOL drops 4%, BNB down 3%, ADA down 2%, MEME sector collectively halves, only RWA concept coin ONDO resists the dip.
Data perspective: Panic selling accompanied by a 30% surge in transaction volume, exchange stablecoin reserves fall to a three-month low, indicating capital is withdrawing to observe.
The culprit behind the crash: Political black swans tearing apart market trust
(1) U.S. employment data nuclear explosion
Epic non-farm collapse: July's new jobs increase only 73,000 (expected 104,000), and data for May-June is violently revised down by 258,000, marking the largest correction since the pandemic.
Trump's 'Data War': Accusations against the Bureau of Labor Statistics for 'falsifying data to assist Harris's campaign,' leading to the swift dismissal of Biden's appointed director, igniting a crisis of credibility in U.S. economic data.
(2) Global tariff tsunami
Trump's 'reciprocal tariffs': Rates up to 41% (e.g., Swiss watches at 39%), the EU, Brazil, South Africa, and other countries announce countermeasures, and Hungary's Prime Minister angrily denounces: 'Economic own goal!'
Chain reaction: Morgan Stanley warns—global trade contraction will trigger an economic recession, risk assets face indiscriminate selling, and the dollar index plunges 1.37% in a single day.
(3) Federal Reserve interest rate cut gamble heats up
September rate cut probability skyrockets to 80%: Weak employment + tariff inflation pressure forces the Federal Reserve to turn, 'New Federal Reserve spokesman' Nick Timiraos states the door for rate cuts is open.
Policy division intensifies: Trump declares 'Powell should retire', central bank independence faces political interference, and policy predictability collapses.
Technical life-and-death line: Three major signals in the bull-bear showdown
BTC key support:
Bullish defense line: $112,000 (briefly breached this morning before bouncing back)
Short-selling target: 110,000-111,000 abyss (if breached, it could trigger algorithmic sell-offs)
ETH relative strength:
Quickly recover to $3,400, focus shifts up to $3,775, DeFi recovery expectations support resilience.
SOL counter-attack signal:
On-chain stablecoin transfer volume surged 53% in July to $215 billion, institutional funds are reshaping the MEME coin landscape through low fees (e.g., VINE up 234% weekly).
On-chain alert: Galaxy Digital reportedly sells 80,000 BTC ($9.6 billion), with unrealized profit positions reaching up to $1.4 trillion, profit-taking pressure looming large.
Smart capital movement: Hidden Alpha opportunities amidst the crash
Institutional reallocation code: Bybit data shows ETH holding ratio leaps to first place (surpassing BTC), RWA concept coin ONDO and DeFi blue chip UNI receive substantial increases.
Stablecoin migration: USDC supply on the Solana chain increased by 11% month-on-month, with cross-border settlement demand surging, $USDG skyrocketed by 43% in a single month.
Policy arbitrage window: GENIUS Act catalyzes compliant DeFi, Spark (SPK) up 125% weekly, RWA narrative takes over MEME as the new main line.
Old Zhu's strategy: Layout for the August turnaround plan amidst the crisis
Core concept: 'Irrational crashes are leverage discount coupons from God'—bottom-fishing institutions act in sync!
Short-term (1-3 days):
BTC holds at 112,000 for accumulation, stop loss at 110,000 if breached; reduce positions at a rebound to 117,000
ETH buying in batches in the 3,300-3,400 range, target 3,775
Medium-term (August):
Betting on RWA + compliant DeFi dual main lines: ONDO (institutional holdings growth), SPK (dynamic asset allocation protocol)
SOL ecosystem recovery: Accumulate VINE, PENGU (retail empowerment, anti-dip assets) at low points
Long-term defense:
Investment window opening: Buy BTC below 115,000 with eyes closed, target unchanged at 200,000 by 2025!
Gold alternative logic: Bitcoin halving cycle + dollar credit collapse = ultimate safe-haven asset
Old Zhu's summary:
Crashes are a byproduct of power games; smart people never panic!
This round of crash is not due to a collapse of market fundamentals, but rather a political black swan tearing apart the 'trust foundation'! From Trump's furious firing of the statistician, the non-farm data falsification scandal, to the internal turmoil of the Federal Reserve, everything reveals one signal—America's 'authoritative data' is turning into a 'political tool.'
The crypto space, as the 'risk frontier' of the financial market, inevitably bears the brunt. But precisely because of this, every violent drop is a golden bottom-fishing window favored by smart capital!
The market cuts emotions, not logic. You panic, he accumulates; you exit, he profits. Remember Old Zhu's words: An irrational crash is the beginning of the next round of wealth transfer!
August is a brutal war of trust games and chip reshuffling. But Old Zhu is here, not to instill fear in you, but to help you see the truth, maintain the rhythm, and break through the encirclement!
Now is the moment to open our eyes and strategize while the market is blindly panicking. A crash is a discount voucher given to the brave by God!
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Come find Old Zhu, comment + follow + join the circle, let's fight our way back to the card table this August and turn the tables!