Bitcoin (BTC) traders are preparing for an unusually active weekend, driven by expected significant price fluctuations. This follows the upcoming release of the non-farm payrolls (NFP) data, which analysts predict will show that the U.S. economy added 140,000 jobs in September. Following August's lower-than-expected gain of 142,000 jobs, analysts are keeping a close eye on this data release, set for Friday at 12:30 UTC.

A report by FXStreet anticipates that the jobless rate will remain at 4.2%, while the year-on-year growth rate of average hourly earnings is expected to stay the same as in August at 3.8%.

Volatility Indicators

Recent options data from Deribit shows that BTC options expiring on October 5 indicate higher implied volatility compared to those expiration dates later in the month, leading to expectations of a turbulent Saturday. Traders appear to be anticipating potential volatility driven by the non-farm payrolls release and increased geopolitical tensions following recent escalations in the Middle East.

Geopolitical Context

Tensions have risen significantly, particularly after Iran launched missiles at Israel on October 1, raising the possibility of armed conflict and impacting market sentiments. Investors are particularly sensitive to any potential Israeli retaliation, which has contributed to increases in crude oil prices and a stronger dollar index.

As the weekend approaches, traditional and crypto markets may witness increased activities, hinting towards a possible sell-off or sharp moves in Bitcoin and other digital assets.