Non-farm employment unexpectedly reduced by 23,000 in the United States in July, boosting expectations of lower market rates

Wu said he had been informed that Wintermute, in its latest market weekly, had indicated that in July, the United States unexpectedly reduced non-farm employment by 23,000, boosting the market to raise interest expectations in September and boosting the rebound of risk assets. Last week, United States real-time BTC ETF net inflows were about $853.5 million, the best single-week performance since mid-April, and ETH ETF net inflows were about $244.9 million, a combined total of about $1.1 billion. Wintermute notes that, despite the re-inflow of ETF funds, the growth of the BTC last week lagged behind that of the United States share, indicating that market pressure is not yet sufficient to confirm a continuing trend in financial inflows, and that the United States CPI, published on 12 August, will be the next key observation point。