#美国2月ADP就业人数

US ADP Employment Data Disturbs the Cryptocurrency Market, Waiting with Bated Breath for Policy Signals

In February, the US ADP added 140,000 jobs, exceeding expectations, showing resilience in the labor market. The cryptocurrency market reacted with volatility, with Bitcoin briefly dropping below $67,000. Strong employment data reinforces the Federal Reserve's "higher for longer" interest rate stance, suppressing risk appetite. However, on-chain data shows that whales are accumulating on dips, and the number of open derivative contracts has surged, intensifying the market's long-short contest.

The current macro narrative remains the core driver of cryptocurrency prices. If the March non-farm payroll data resonates with the CPI, it could trigger a larger market shift. Traders need to be wary of short-term liquidity crunches triggered by data, and pay attention to the QT rhythm signals released during the Federal Reserve's March interest rate meeting. $BTC