tonight's key data release is likely to stir the entire crypto market, and the volatility could be quite significant.

The core focus is on two numbers—how much the actual values differ from market expectations. If the data shows weakness, it is definitely a positive for crypto assets. Why? Weak economic data will reinforce market expectations of loose liquidity, which often amplifies the inflow of funds and ultimately drives prices higher.

But the opposite also needs to be guarded against. If employment data unexpectedly strengthens or signs of economic recovery become evident, the market may interpret it differently—"The central bank no longer needs to continue easing." This shift in expectations can pour cold water on the crypto market, potentially triggering panic selling in the short term.

Non-farm payrolls night has always been a period of high market volatility, with fluctuations often exceeding expectations. It is recommended that everyone consider their risk exposure before placing orders, so that the intense market swings do not wipe out your positions.