2026-01-03 01:23:04

Overnight, signals of weakness emerged in the US labor market, with non-farm employment increasing by only 110,000 in December, well below the expected 170,000, and the unemployment rate rising to 4.3%. This data instantly reversed market expectations—the consensus now is that the Federal Reserve will cut interest rates by 25 basis points at the January end meeting. The US dollar index fell accordingly, and risk assets rebounded across the board.

Bitcoin's price movement was particularly impressive. Boosted by the non-farm data, BTC surged overnight, briefly breaking through $89,500, just a step away from the $90,000 mark. Although it slightly retreated to $88,900 by the close due to profit-taking alongside US stocks, this did not change the strong weekly closing pattern, completely reversing the downturn during the year-end period.

Institutional funds have already begun to deploy. BlackRock's IBIT saw a single-day net inflow of $420 million, hitting a new high for the month. Leading institutions like BlackRock and Fidelity accelerated their buying after the non-farm data was released, clearly preparing for next week's "rate cut trade." MicroStrategy's stock price, after three consecutive days of decline, also stabilized and rebounded by 5%, with options market data indicating some short positions are being closed.

Hot money has also sensed the opportunity. Trading volume of Meme coins on Solana and Base chains surged, with AI concepts leading the gains. Ecosystem tokens like VIRTUAL generally rose over 20% overnight, as the market speculates on the release of OpenAI's new model in 2026. Meanwhile, comments from the CEO of a major exchange also stirred the market—policies to clean up "zombie coins" triggered panic selling of some old altcoins, with declines of 10%-20%.

BTC1,63%

SOL-0,63%

MEME-1,81%

VIRTUAL20,2%

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BrokenDAO

· 19h ago

As soon as the rate cut expectation emerged, institutions started buying... This game-theoretic equilibrium has never changed; it's just about who can sniff out the trend first. The question is, can this last, or is it just another cycle of distorted incentives. When will BlackRock dump their 420 million? Hot money speculates on VIRTUAL, exchanges clear out zombie coins... After watching this play out so many times, the ending remains the same. Human weaknesses haven't changed, nor have the flaws in the mechanism. What can non-farm payroll data really change? Truly.

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DAOdreamer

· 01-04 08:57

89500 hasn't stabilized yet, I feel we should wait a bit longer. If institutions start buying, let them buy. As retail investors, we need to be cautious about following the trend.

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FunGibleTom

· 01-03 13:27

Non-farm data triggers a frenzy every time, institutions are paving the way for rate cuts. This rhythm is absolutely incredible.

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SybilAttackVictim

· 01-03 01:48

The Federal Reserve hasn't cut interest rates yet, but the crypto circle is already celebrating. Is this a genuine rebound or are we about to get trapped again?

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OnchainHolmes

· 01-03 01:45

BlackRock is buying up, institutions are positioning, the big drama of rate cuts is really coming --- Even with such poor non-farm data, the market still managed to rally, indicating that the market has long since figured out the Fed's temper --- It's at 89,500 and still dares to say "just one step away," but I feel like I hear that every time --- Meme coins are rising again, these hot money really know how to find the next trend, VIRTUAL up 20%, and someone will probably get shaken out next week --- Cleaning up zombie coins, old altcoins dropped directly by 10%, this is the market reallocating chips --- MicroStrategy rebounded 5%, a clear signal of short covering, but I still have to ask—has the bottom really been reached? --- Dollar falls, risk assets rise, this logic always holds, but once rate cut expectations reverse, be cautious --- Net inflow of 420 million JPY, BlackRock's move is clearly bullish, retail investors should just follow along and enjoy some soup --- Strong weekly close, sounds good, but don’t forget last week also closed strongly, and then? --- OpenAI's new model is gaining hype, how long will this theme last, and where will the real implementation be?

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AirdropSweaterFan

· 01-03 01:43

It's almost 90,000, what are you hesitating for? The time to get in is now. Institutions are疯狂 buying, and we're still watching? With such strong rate cut expectations, pushing to 100,000 is no problem. The surge in Solana and Base is outrageous; Meme coins really make money, but the risk is high. It's only fair that those old coins are being cleared out; junk projects should have been eliminated long ago. The Fed's sudden move caused the market to reverse instantly; that operation is too outrageous. BlackRock's net inflow of 420 million in one day signals that the institutional attitude is the best indicator. The AI concept has risen again; a 20% increase in VIRTUAL is not surprising. BTC breaking 90,000 is just a matter of time; the weekly chart shows a strong pattern. The CEO's comments did stir the pot, but I support clearing out junk coins. The rise is too fast; I'm worried there might be a sharp drop again at the close. A 25 basis point rate cut should still bring some momentum, at least pushing to 95K.

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