#加密市场回调 $BTC $ETH

Last night, the entire market plummeted rapidly, with ETH dropping from 3600 to 3431 directly, and Bitcoin also failed to hold at 115000. The main reason was the previously released favorable data, which was suddenly violently revised by the authorities. Additionally, Binance and Coinbase sold off!

"U.S. Bureau of Labor Statistics: The non-farm payrolls for May were revised from 144,000 to 19,000; the non-farm payrolls for June were revised from 147,000 to 14,000. After the revision, the total non-farm payrolls for May and June were 258,000 lower than before the revision."



The non-farm payrolls for May were 144,000, revised down to only 19,000, and for June, non-farm payrolls were 147,000, revised down to only 14,000, which directly crashed the entire market; no financial report could help.

It's like the project party sends a message saying they will spend 10 million to buy back and push the price up, but then they just tell you they are releasing 500 u.

Trump also posted directly pointing out that this is a scam against him: "In my opinion, today’s employment data has been manipulated to embarrass me—just like before and after the 2024 presidential election. They first released three days of favorable data, and then when the election just ended, these data were significantly revised down—this is completely a scam." Following this, Trump ordered the dismissal of the Labor Statistics Bureau Director Erika McEntarfer, with her deputy William Wiatrowski taking over as acting director.

However, thinking from another angle, doesn't this favor interest rate cuts? So the impact is temporary!

Moreover, at the same time, Binance and Coinbase sold millions of ETH, likely to clear leverage because once the bulls encounter liquidation, they will re-enter the market.



Fear Index

According to Alternative data, today's cryptocurrency fear and greed index is 55 (down from 65 yesterday), indicating a significant drop in market greed sentiment.

Note: The fear index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media heat (15%) + market surveys (15%) + Bitcoin's proportion in the entire market (10%) + Google keyword analysis (10%).

According to Coinglass data, if Bitcoin falls below $112,000, the cumulative long liquidation intensity on mainstream CEX will reach $1.09 billion.

Conversely, if Bitcoin rises to $116,713, the cumulative short liquidation intensity on mainstream CEX will reach $2.504 billion.