BlockBeats News, February 3rd, due to the partial government shutdown in the United States, the release of the January 2026 Non-Farm Employment Report scheduled for this Friday has been postponed. The U.S. Bureau of Labor Statistics stated that the schedule will be rearranged once government funding is restored. The market had previously expected non-farm employment to increase by approximately 55,000 jobs, with the unemployment rate remaining at 4.4%, but these expectations are now completely dashed. As a result, this week’s labor market assessment can only rely on ADP and ISM employment data, significantly increasing macroeconomic uncertainty.
On the risk front, the market has clearly shifted into a risk-off and deleveraging state. The absence of non-farm data weakens the anchoring effect of policy expectations, while the structural issues of long-term contraction in U.S. manufacturing continue to surface. Federal data shows that since 2023, manufacturing has lost over 200,000 jobs, and ISM manufacturing activity has been in contraction for 26 consecutive months. Trump’s tariff policies in the short term increased corporate costs and suppressed investment willingness, failing to immediately improve employment and instead heightening market doubts about economic resilience.
From a cross-market perspective, the macro data vacuum and manufacturing pressure first impact U.S. and Asian stock market risk sentiment. Capital flows back into the dollar, suppressing precious metals and high-volatility assets. The crypto market passively undergoes a broader de-risking adjustment.
In this environment, BTC is seen as the key indicator of whether the market is still willing to take on risk. Currently, the price remains in a range-bound oscillation, with approximately 80,000 as a critical structural resistance, representing whether risk capital will return; and 75,000 as an important support level, reflecting the market’s bottom line during deleveraging. Whether BTC can hold the range will determine whether the crypto market continues to undergo passive adjustment or develops a relatively anti-dive structure.
Overall, the postponement of the non-farm report has not changed the policy direction but has amplified short-term uncertainty. Before data resumes, market focus will be on whether risk assets continue to be reduced and whether BTC can still serve as a thermometer of risk appetite. This will also be a key observation point for the next phase of the market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Traditional Brokerage to Launch Spot Bitcoin and Ethereum Trading in Coming Weeks at 0.75% Fee
A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.
GateNews15m ago
Bhutan Sells $18.46M Bitcoin as Price Nears $74k Resistance
The Royal Government of Bhutan transferred approximately 250 BTC worth $18.46 million in the past 24 hours, according to on-chain data from Arkham, continuing a broader pattern of reduced Bitcoin holdings. The transfers included 162 BTC and 69.7 BTC sent to new wallet addresses within a short
CryptoFrontier34m ago
Bitcoin's BIP-361 Quantum Fix Splits Community Over Address Freezing
A proposed Bitcoin improvement to address quantum vulnerability has divided the cryptocurrency community over whether to freeze legacy addresses, including those attributed to Satoshi Nakamoto. The BIP-361 proposal, which went live on April 14, has sparked debate between prominent figures including
CryptoFrontier1h ago
Zonda Exchange Discloses 4,500 BTC Cold Wallet as Private Keys Remain Untransferred
Zonda, a Polish crypto exchange, revealed a cold wallet with 4,503 BTC amid a withdrawal crisis. CEO Przemysław Kral addressed fund misappropriation allegations and promised legal action against false claims, emphasizing that private keys were never transferred due to the former CEO's disappearance.
GateNews2h ago
Ben McKenzie Slams Bitcoin on Jon Stewart Show
Actor Ben McKenzie appeared on The Weekly Show with Jon Stewart on Aug. 14 in a segment titled "The Other Side of Bitcoin: Crypto Corruption," where he delivered a sharp critique of Bitcoin and the broader cryptocurrency industry. McKenzie, known for his film and television work, has become a
CryptoFrontier2h ago
BTC edges up 0.46% in 15 minutes: institutional fund outflows and macro risk-off sentiment in sync drove the move
From 15:00 to 15:15 (UTC) on 2026-04-16, BTC logged a +0.46% return within 15 minutes. The price fluctuated in a range of 73,939.7 to 74,440.0 USDT, with an amplitude of 0.68%. During this time window, market attention increased, short-term volatility intensified, and fund-flow characteristics changed noticeably.
The main driver of this deviation is the continued outflow of large amounts of capital from exchanges. According to on-chain data, in the past 24 hours the net flow was -14,408.84 BTC, mainly concentrated in large transfer ranges of more than $1 million (especially>$10M net outflow -12,987.03 BTC). This shows that institutions and large holders actively reduced their BTC holdings on exchanges, and short-term selling pressure was significantly lowered. Against the backdrop of persistently weak liquidity, with order book depth remaining at a low level for a long time, the price has become more sensitive to medium-sized buy orders—amplifying the impact of even modest inflows on spot market price action.
In addition, macro conditions changed in parallel and produced a synchronized effect: easing geopolitical tensions in the Middle East boosted overall market sentiment. International gold prices rose, global equity markets hit new highs, and the market re-evaluated the probability of the Federal Reserve cutting rates within the year, further increasing investor attention to safe-haven assets (including BTC). At the same time, on-chain data indicates that the “whale” trading activity during this phase is at an annual low (>$1M transfers fell to 1,485 transactions). With heavy market wait-and-see sentiment and limited short-term supply, BTC’s responsiveness to sudden buy-side capital was further enhanced.
Investors should be reminded that current market liquidity is still fragile. Insufficient order book depth increases the market’s sensitivity to large capital movements, and short-term volatility may intensify. Going forward, focus on further shifts in on-chain large-fund flows, changes in price action as it breaks through support or resistance regions, and the risks and opportunities brought by related macro policies and geopolitical developments. Please continue to track key data and stay alert to any sudden shocks during the period of abnormal moves.
GateNews3h ago
