The US unemployment benefits data is about to make waves🚨

As soon as the unemployment data for September and October was released yesterday, the crypto market exploded. The core issue: the number of people continuing to claim unemployment benefits surged to 1.957 million, reaching a new high since March this year, indicating that the number of people unable to find jobs is increasing, and the "resilience" of employment is rapidly dwindling.

What’s even more heart-wrenching is that the historical data has been collectively revised, and the market has clearly underestimated the speed of the recession. The Federal Reserve relies on this data to decide whether to cut interest rates, and now it's like driving with a map that has missing corners.

The impact on the crypto space can be divided into two parts:

**Short-term**: Uncertainty is at its peak, institutions will take advantage of this chaos to wash the market. The best window for positioning is expected to be from late November to early December, but be sure not to chase after worthless coins.

**Mid-term**: The worse the employment data, the higher the probability that the Federal Reserve will continue to ease in December. Once the signal for liquidity injection is established, high-quality track tokens may start early. However, this is a structural opportunity, not a broad-based rally — it depends on whether the project has real applications and whether the cash flow is healthy.

To be honest, this last wave of market turning point this year is right here. Rather than anxiously staring at the market every day, it is better to calm down and study the fundamentals, as that is the anchor amidst the fluctuations.