π Daily Market Update: Oct 5
π What matters is whether cooling jobs bring cooling inflation. If energy and services prices stay firm, policy could stay tight even as hiring weakens.
Does the jobs miss change your view? π
Jobs miss: September payrolls added just 29K against 90K expected. Unemployment rose to 4.2%, July and August were revised down by 60K, and the three-month average is now ~50K.
Wages cooling: Hourly earnings rose 0.1% MoM and 3.0% YoY. Low hiring and low layoffs suggest companies are keeping staff, not expanding.
Fed: Markets quickly scaled back October hike bets. The debate now is whether any more hikes are needed by year-end. FOMC minutes, ISM services, and the next inflation data are next.
Energy: The G7 may release up to 100M barrels of crude and diesel from reserves over four months, and the US dropped its diesel export ban idea. That helps near term, but the Middle East and Russia supply problems remain.
π What matters is whether cooling jobs bring cooling inflation. If energy and services prices stay firm, policy could stay tight even as hiring weakens.
Does the jobs miss change your view? π
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BTC open interest is up sharply, with more positions and leverage entering the market.
π― What to watch:
Price β + OI β β new positions are building, supporting the move
Price β + OI β β positions are building into weakness, increasing downside risk
Watch the OI. Watch the move.
Check the charts
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ποΈ Weekly Trading Room: Tuesday, 12:00 UTC on Discord
π₯ Got a chart, a setup, or a market question?
Post it in the community-chat channel on our discord server before the session and it might get covered when analyst @Panthiczek goes through the market π.
π₯ Tune in this Tuesday.
π₯ Got a chart, a setup, or a market question?
Post it in the community-chat channel on our discord server before the session and it might get covered when analyst @Panthiczek goes through the market π.
π₯ Tune in this Tuesday.
π₯17β€3π3
Bitcoin saw modest inflows last week, while Ethereum saw a sharp reversal after strong demand the week before.
The divergence suggests institutional appetite for crypto remains β but capital is becoming more selective, with BTC currently showing the stronger flow profile.
The key question: does this create an opportunity to go long BTC, short ETH β or is the market telling us to stay defensive?
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$239M in reserves.
Major assets remain over 100% backed.
No need to take our word for it β verify your assets via Merkle Tree
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The arena was loud. The competition was fierce. The memories? Unforgettable
π Want to access events like this?
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France under pressure: The 10-year yield briefly neared 5% last week, while the spread over Germany widened past 1.5 pts.
France faces $1T+ in debt maturities through 2030 and plans ~$380B of bond issuance next year.
Why it matters: Deficits remain above 5% of GDP, fiscal cuts face parliamentary resistance, and foreign investors are trimming exposure. Higher yields mean higher debt costs.
Diesel: US prices remain 50%+ above pre-conflict levels. Easing red-dyed diesel restrictions offers some tax relief, but adds no physical supply.
Is French debt the next pressure point?
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The countdown is almost over, and the Bitunix team is ready for a big couple of days at Marina Bay Sands.
If youβre following along from home, stay tuned β weβll be sharing some of the action from the floor.
Letβs go, TOKEN2049! See you tomorrow!
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Spend with your Bitunix Card on Apple Pay β fast, seamless, wherever you go.
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Whoβs at TOKEN2049 today?
Come find us at the Bitunix booth, say hi, and share your event photo below πΈ
Come find us at the Bitunix booth, say hi, and share your event photo below πΈ
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RWA active AUM has added $15B+ in just 9 months.
Real-world assets are moving on-chain β and the trend is only getting bigger.
RWA could be one of cryptoβs biggest narratives of the next cycle.
Keep RWAs on your radar
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Passing by the Bitunix booth? Donβt skip the wheel!
Give it a spin and see what exclusive merch lands your way. π
π° Trade Bitcoin | π° Trade Ethereum
Give it a spin and see what exclusive merch lands your way. π
π° Trade Bitcoin | π° Trade Ethereum
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Futures trading takes practice
Get 50,000 USDT in virtual funds to explore futures, test strategies, build confidence and learn how the market works in real-time.
π Check the comment's below to see how to switch to Demo Trading!π
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Fed, no roadmap: October hike odds fell from ~70% to ~25% after Williams and Jefferson said thereβs no urgency.
But bonds arenβt buying it: 10Y ~5.25%, 30Y ~5.65%, with the Treasury index down ~2.2% in September. Lower hike odds havenβt eased financial conditions.
Stocks keep climbing: S&P 500 above 7,800, but the Mag 7 now make up 30%+ of the index. The rally increasingly depends on AI earnings.
Are stocks ignoring the bond market?
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