Non-farm payrolls far exceeded expectations, BTC briefly dropped below the $80K mark In August, the U.S. added 162K non-farm jobs, significantly higher than the expected 56K, with the unemployment rate holding steady at 4.1%. The stronger-than-expected employment data suggests the labor market isn't as weak as previously thought, putting pressure on the Fed's September rate cut expectations again. As a result, BTC briefly dropped below $80K. During this period, Binance whales didn’t continue shorting but instead closed $185M worth of shorts during the dip, with an average price of $80,294.4.