Revised Job Data Challenges Risk-On Trading in Crypto Market: Your Update for September 10, 2025
Explore the latest updates in the crypto markets following a significant job data revision by the U.S. Bureau of Labor Statistics, casting doubt on the resilience of the labor market and impacting trader sentiment.
What to Know
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Review of Job Data
Ten days after the U.S. Department of Commerce started releasing economic data using various blockchains, the credibility of such data is being scrutinized, with many observers questioning its accuracy.
On Tuesday, the U.S. Bureau of Labor Statistics reported that nearly one million fewer jobs were created than previously thought for the year ending in March. This substantial revision raises doubts about the earlier positive outlook regarding the labor market’s health, impacting trader optimism on risk-on positions from the past year.
Market analysts see these downward adjustments as a precursor to further aggressive easing measures by the Federal Reserve in the months to come. Notably, a well-known trader on Polymarket is wagering that the Fed will enact a 50 basis point rate cut on September 17.
Market Reactions
Currently, Bitcoin (BTC) is trading over $112,000, recovering from lows near $110,800 during trading hours in North America. Meanwhile, European stocks appear to be on the rise, with S&P 500 futures suggesting a strong opening later today.
However, caution is advisable due to two main factors:
- The upcoming release of the U.S. producer price and consumer price indices could indicate that inflation persists above the Fed’s target of 2%. If the data exceeds expectations, concerns surrounding stagflation may grow.
- The liquidity tightening scenario is underway.
Mott Capital Management remarked: “Liquidity is tightening as the Treasury General Account rises and the reverse repo facility drains, reducing reserve balances.” With the Secured Overnight Financing Rate (SOFR) climbing and credit stress manifesting, the market might soon experience renewed pressure on risk assets.
Other Updates
In a notable development, the crypto staking platform Kiln has exited Ethereum validators in light of an exploit incident affecting SwissBorg. Real-world asset protocols are flourishing, with total value locked reaching over $15 billion.
Lastly, a single entity reportedly gained $200 million from the MYX airdrop, indicating significant financial growth. Stay vigilant!
