🧟♂【Opening remarks】
Americans have found jobs, the dollar has risen, and Bitcoin has retreated.
📉🤯【This market makes no sense】
BTC, ETH, and BNB collectively rose in the past 24 hours, showing a dramatic trend:
BTC: Pushed up to $105,910 before correcting, closing at $104,498, an increase of about +2.87%.
ETH: Gently rising to $2,472, an increase of +1.97%.
BNB: Slightly up to $642, an increase of +1.42%.
For example: BTC outflows continue but the increase is significant; Ethereum's on-chain activity has hit a record, ETH/BTC trading pair rose by 3.5%, and trading volume surged.
Comment: Big players are moving money while retail investors are gesturing in front of screens. It's not that the market has fallen because it can't; it's that the rebound isn't stable enough.
🧟♂【Non-farm payrolls are shaking things up, the dollar rushes into the crypto backyard】
The latest U.S. non-farm employment data surged to 272,000 (expected only 180,000), and wages rose by 0.4% month-on-month, exceeding expectations.
Conclusion: Americans are still working hard, the Federal Reserve is reluctant to cut interest rates, and the dollar is leaving everyone behind.
The market reacted instantly:
The dollar index (DXY) surged to 104.9, approaching a recent high;
Gold once fell over 2%, while spot silver plunged during trading;
BTC plummeted from a high of $105,910 to a low of $103,866, instantly breaking short-term support.
ETH and BNB quickly returned to their original forms.
Comment: Non-farm data essentially tells the crypto world: 'You're not rising due to market conditions; I'm just letting you catch your breath.'
Don't ask why it can't rise; the Federal Reserve slapped everyone in the face with the employment report.
👴🛸【The president continues to accumulate】
Despite the IMF warning El Salvador not to hoard coins recklessly, official disclosures show they have accumulated about 6,181 BTC this year, with a profit of approximately $357 million.
White House crypto policy head Bo Hines meets with President Bukele to discuss 'regulatory sandbox' collaboration.
Comment: Others manage market cap with words, while their country does it directly with the treasury. Still dare to laugh at them? That little U you have will still need to pay Gas.
🏦📈【Institutions are secretly laughing in the group today】
MicroStrategy continues to accumulate BTC;
Fidelity ETF (FBTC) saw a net inflow of $22.8 million; they are expressing 'bull market expectations' with real money.
On-chain data shows: BTC net outflow from exchanges is rising, and some whale wallets have become active again.
Comment: Big institutions are silent, but on-chain addresses are moving. You know, they always buy three days earlier and run five minutes faster than us.
🔮💸【XRP dream version continues to broadcast】
XRP rose 1.6% today, and the community's prediction has returned to the rhythm of 'June's big bullish candle + $20 by the end of the year.'
But there is no movement on-chain, and trading has not broken through.
Comment: The XRP community is the most faithful temple in the crypto world, but the lights in the temple are too bright, making it hard to see; when it finally rises, the believers may have already exited.
📜【Data revealing time】
Non-farm explosion: The dollar returns as king, crushing all risky assets;
Bitcoin and Ethereum: Initially aimed to rise, but were kicked back by reality;
El Salvador: Bottom-fishing maniac, happy with profits but the market is unmoved;
Institutions: Continue to lurk and build positions; wallet activity does not mean you should rush in.
