BlockBeats News, February 3rd, due to the partial government shutdown in the United States, the release of the January 2026 Non-Farm Employment Report scheduled for this Friday has been postponed. The U.S. Bureau of Labor Statistics stated that the schedule will be rearranged once government funding is restored. The market had previously expected non-farm employment to increase by approximately 55,000 jobs, with the unemployment rate remaining at 4.4%, but these expectations are now completely dashed. As a result, this week’s labor market assessment can only rely on ADP and ISM employment data, significantly increasing macroeconomic uncertainty.
On the risk front, the market has clearly shifted into a risk-off and deleveraging state. The absence of non-farm data weakens the anchoring effect of policy expectations, while the structural issues of long-term contraction in U.S. manufacturing continue to surface. Federal data shows that since 2023, manufacturing has lost over 200,000 jobs, and ISM manufacturing activity has been in contraction for 26 consecutive months. Trump’s tariff policies in the short term increased corporate costs and suppressed investment willingness, failing to immediately improve employment and instead heightening market doubts about economic resilience.
From a cross-market perspective, the macro data vacuum and manufacturing pressure first impact U.S. and Asian stock market risk sentiment. Capital flows back into the dollar, suppressing precious metals and high-volatility assets. The crypto market passively undergoes a broader de-risking adjustment.
In this environment, BTC is seen as the key indicator of whether the market is still willing to take on risk. Currently, the price remains in a range-bound oscillation, with approximately 80,000 as a critical structural resistance, representing whether risk capital will return; and 75,000 as an important support level, reflecting the market’s bottom line during deleveraging. Whether BTC can hold the range will determine whether the crypto market continues to undergo passive adjustment or develops a relatively anti-dive structure.
Overall, the postponement of the non-farm report has not changed the policy direction but has amplified short-term uncertainty. Before data resumes, market focus will be on whether risk assets continue to be reduced and whether BTC can still serve as a thermometer of risk appetite. This will also be a key observation point for the next phase of the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Price Trend Mirrors Late 2024 Decline Pattern, Traders Focus on Key Technical Levels
Bitcoin's current price movement is similar to the downtrend seen at the end of 2024, showing an upward tilt within narrow range fluctuations since February. Technical analysis indicates that a break below the lower band of 65,800 USD would form a key signal, while a breakthrough above could show different performance. Traders are closely monitoring this critical level.
GateNews9m ago
BTC 15-minute rise of 0.56%: Derivatives short liquidations and active large orders resonating to drive gains
2026-03-20 07:30 to 07:45 (UTC), BTC price showed significant movement, with a return rate of +0.56% within 15 minutes. Price range was between 70423.0 and 70854.2 USDT, with a fluctuation amplitude of 0.61%. During this period, market attention increased, short-term volatility intensified somewhat, and buying pressure increased due to the combined effect of spot and derivatives markets.
The main driving force behind this price movement was the leverage structure in the derivatives market—short positions were concentrated with funding rates at low levels, BTC futures open interest (OI) continued to grow, combined with increased active buying volume. As for the price
GateNews12m ago
Early Bitcoin Holders Transfer Large Funds to Exchange, Middle East Tensions and Federal Reserve Policy Pressure Market
Gate News reported that on March 20, early Bitcoin holders ('ancient whales') recently transferred large amounts of funds to exchanges. The current escalation of tensions in the Middle East has triggered impacts on energy markets, compounded by the Federal Reserve's tightening policy, putting pressure on the cryptocurrency market. The specific transfer amount has not been disclosed, but market monitoring shows that the capital flow scale reached several million dollars.
GateNews37m ago
Bitcoin Rebounds Above $70,000, Asian Tech Stocks Decline and Gold Strength Put Pressure
Bitcoin rebounded above $70,000 on March 20, with a market cap of approximately $1.41 trillion, but gains were limited by declines in tech stocks and rising demand for safe-haven assets. Institutional capital outflows indicate slowing Bitcoin demand, and investors need to monitor market dynamics to assess potential risks.
GateNews38m ago
Bitcoin price reproduces the earlier crash pattern, with $65,800 as a key support level
Bitcoin price trend is similar to last year, currently around 70,335 USD, showing potential market pressure. If it breaks below 65,800 USD, a new round of decline may follow; breaking through the upper band could lead to a rebound. Market sentiment is cautious, investors need to pay attention to key support and resistance levels, while being vigilant about downside risks and preparing for an upside rebound.
GateNews39m ago
