#ADPWatch
🐃 Coindesk: US labor market is a bullish signal for Bitcoin.
➥ Companies are preparing mass layoffs; in January, plans to cut 108,000 jobs were announced – three times more than the previous month. This is the highest number since 2009, when Lehman Brothers collapsed.
➥ Tech is seeing the most layoffs: Amazon and UPS have announced tens of thousands of layoffs. These plans were prepared back in late 2025, meaning businesses don't believe a strong 2026 is possible.
➥ Official employment statistics are still holding up, but private data is already signaling problems. Truflation (a blockchain platform) shows inflation below 1%, although official data still shows it's above 2%.
➥ A weak labor market + declining inflation = pressure on the Fed, the need to lower interest rates to avoid ruining the economy. And this historically drives up risky assets.
➥ BTC is currently half its ATH ($126k). If the Fed turns to monetary easing, a rebound could occur.
