On Good Friday, President Trump posted a message celebrating victory on the social network Truth Social. March added 186,000 jobs in the private sector. The trade deficit decreased by 52%.
He wrote: “This is an incredibly strong motivation for economic growth.”
Indeed, March saw a recovery in jobs – about 178,000 new jobs across the sector, of which 186,000 jobs were in the private sector. However, February lost 133,000 jobs. The three-month average was only 68,000 jobs per month. Growth was concentrated in the healthcare and construction sectors, while manufacturing did not recover strongly.
The trade deficit numbers sound alarming until you remember that last year's baseline figures were inflated due to companies rushing to import ahead of tariff announcements.
Employment data does not drive the retail sector towards cryptocurrency.
While Trump is celebrating the economy, the number of individual Bitcoin participants has dropped to the lowest level since 2017.
CryptoQuant analyst Darkfost pointed out this data this week: the amount of deposits into wallets (wallets transferring less than 1 BTC to Binance) has dropped to a 30-day average of only 332 BTC – the lowest since Binance launched. Darkfost describes this as a structural decline, not a temporary drop.
CryptoTice bluntly stated: “Never have retail investors been so absent from the cryptocurrency market. Trading activity has dropped to record lows. Market sentiment is shattered. No one wants to discuss Bitcoin anymore.”
Where has the retail sector truly disappeared to?
They have not completely disappeared from the market, but have only shifted investment. According to Darkfost, some retail investors may have moved to stocks and commodities, both of which are performing better in the current macroeconomic context.
A survey in March 2026 by Finimize with 2,660 retail investors shows the expected allocation to cryptocurrency has decreased to 21%, down from 29.5% in the previous quarter. Meanwhile, ETFs and commodities have both increased.
“Retail investors are not avoiding volatility,” said Finimize CEO, Carl Hazeley. “They are moving to mainstream assets like stocks, ETFs, and commodities.”
Bitcoin is trading at $66,931 today. The S&P 500 has dropped 4.30% year-to-date but still attracts interest from retail investors. Cryptocurrency does not.
History shows that this silence has a rule.
CryptoTice does not have a pessimistic view on that.
“Every generational opportunity to buy Bitcoin in history looks exactly like this,” he writes. “The tourists have left. The speculators have left. The noise has disappeared. What remains is exactly what remained in 2019. Exactly what remained in 2022.”
Employment figures released by Trump show another aspect of the economy. Bitcoin's blockchain data shows another aspect of where ordinary people are investing their money today.
Both cannot be true in the long run.