Last night, when the non-farm data was released, the cryptocurrency market instantly went into a frenzy, and the market seemed to be on a roller coaster. Bitcoin was first forcibly pulled up to a high of 100,000, causing short positions to be liquidated instantly, and then it was heavily sold off again, now returning to around 96,000. Ethereum suffered even worse; it barely rebounded to around 2,850, only to drop again to the 2,500-2,600 range. If Bitcoin continues to adjust to around 90,000, Ethereum is likely to return to around 2,000, or even drop below 2,000, which is really frustrating.

Yesterday, I also saw that on-chain whales transferred over 30,000 Ethereum to exchanges; this scene is almost identical to what happened in August last year, and the intention to dump is too obvious. The upgrade in March is likely to be delayed again; once this news broke, some altcoin layer two series also suffered, plummeting dramatically, truly a sight to behold. It's the weekend, and this market is really giving people headaches; there probably aren't any good opportunities left. Everyone should take a good rest, spend time with family, adjust their mindset, and wait to see the situation next week.