Non-farm payrolls expected below 6, with previous value at 6.4. If employment data improves, the Federal Reserve is likely to delay interest rate cuts, and high interest rates will suppress risk assets.
Bitcoin dipped to $89,262 last night, Ethereum dropped to $3,052, and then slightly rebounded in the early morning. Currently, BTC is fluctuating in the 89,000-91,000 range. In the past 24 hours, the entire network experienced liquidations of $461 million, with 90% of them being short positions.
Institutional divergence is evident: Bitcoin spot ETF outflows have totaled $730 million over two days, with Fidelity being the main seller; meanwhile, BlackRock has added $149 million worth of ETH over three days, some of which was directly staked and locked.
If the price drops to around BTC 89k-89.5k tonight, look for a rebound to 91.8k-92k. For ETH, if it approaches 3050, expect a rise to 3180-3200.
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Non-farm payrolls expected below 6, with previous value at 6.4. If employment data improves, the Federal Reserve is likely to delay interest rate cuts, and high interest rates will suppress risk assets.
Bitcoin dipped to $89,262 last night, Ethereum dropped to $3,052, and then slightly rebounded in the early morning. Currently, BTC is fluctuating in the 89,000-91,000 range. In the past 24 hours, the entire network experienced liquidations of $461 million, with 90% of them being short positions.
Institutional divergence is evident: Bitcoin spot ETF outflows have totaled $730 million over two days, with Fidelity being the main seller; meanwhile, BlackRock has added $149 million worth of ETH over three days, some of which was directly staked and locked.
If the price drops to around BTC 89k-89.5k tonight, look for a rebound to 91.8k-92k.
For ETH, if it approaches 3050, expect a rise to 3180-3200.