The weekend's homework is still simple. Today, the market only maintained a slight fluctuation, which is already a good sentiment. After all, whether due to the war between NATO and Russia or expectations regarding the Federal Reserve, there has been no further escalation over the weekend. Only Trump himself released a cartoon about firing Powell to express his dissatisfaction, but it can be felt that the current cryptocurrency market is still quite fragile.

The main issue is that there hasn't been any independent news about cryptocurrencies for a long time. Most of the previous narratives were provided by Trump, and recently, Trump has been focusing more on tariffs and interest rates. After Trump did not show clear support, although both the SEC and CFTC have taken action, it still feels like the efforts are lacking significantly. Since the stablecoin legislation in July this year, Trump has not publicly discussed cryptocurrencies in major forums.

Looking back at Bitcoin's data, the turnover rate has indeed decreased, but this is normal for the weekend. However, compared to previous weekends, the current turnover rate is still quite high. Let's see if it can drop below 50,000 tomorrow. If it can, it indicates that the sentiment of real investors has started to recover.

Interestingly, next week is Token2049, along with labor force data. The consensus within the community is that the market tends to drop during conferences (there have been more instances of decline, and it's unclear if it's related to project teams needing to sell tokens). If next week's labor force data can be more helpful, it could boost user sentiment.

But what kind of labor force data qualifies as "good" data is a bit of a headache for me.

This article is sponsored by #Bitget ｜ @Bitget_zh

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