I've been meaning to talk about this for a while.

When I saw the news, I shuddered. There's no point in shifting blame for something like this, and firing the Labor Secretary won't help. It's not because the data fabrication is outrageous, but because it signals a more dire signal: core US economic data is starting to lose credibility.

Think about it, if even employment data becomes a victim of political infighting, what else can the market trust? How can it price anything?

Analysts at Swissquote Bank put it bluntly:

"Non-farm payroll figures below 50,000 for six consecutive months equal a recession."

The US has already experienced this three times, so it's halfway there!

Logically, a weak economy = rising expectations for rate cuts = good for the market, right?

Yes, on the surface, that's indeed the case. The rebound that was due has happened, and the cryptocurrency market has also followed suit.

But this isn't a "normal recession," it's a "crisis of confidence in the system."

You can cut interest rates, print money, and spin stories, but you can't distort the data and leave the market at a loss.

Because once trust collapses, all bull markets, rebounds, and valuations are a pipe dream.

In the short term, the crypto market may be the winner—after all, capital is seeking safe havens, and BTC and ETH are readily available anchors.

But in the long term, if the confidence system completely collapses, it won't be a question of whether prices will rise or not. All risky assets will likely suffer, including BTC. We must understand the fundamentals and avoid being swayed by market trends. #加密项目