#密码资产动态追踪 U.S. Employment Data Reversal, Liquidity Shift Signal Emerges

The data released by the U.S. Bureau of Labor Statistics last night has attracted market attention: non-farm employment for October and November was revised downward by a total of 76,000 jobs, with October's initial figure of -105,000 revised sharply to -173,000. Coupled with the cumulative downward revision of 911,000 since the beginning of the year, the true state of the U.S. labor market has significantly cooled.

For the cryptocurrency market, this information is very straightforward. What does weakening employment data imply? It accelerates the realization of rate cut expectations. The Federal Reserve's tightening cycle maintained at high interest rates is clearly losing its support. Once policy begins to shift, the gates to global liquidity release will open, and idle incremental funds will seek new safe havens and yield channels—cryptocurrency markets have always been the first stop for such funds.

This is not an isolated data point. Combined with previous revision magnitudes and economic fundamentals trends, the end of the high-interest-rate era is a certainty, and the countdown to the Fed's policy shift has indeed begun.

For investors, the key to crypto market positioning in 2026 depends on when the Federal Reserve will truly start to loosen. If you are considering positions in $ETH or other cryptocurrencies, this current stage is precisely the window where policy shift expectations are gradually being confirmed. Before the liquidity tide arrives, being prepared often outweighs chasing highs.