Tonight's Non-Farm Data Incoming, Let's Discuss How the Crypto Market Might React
Brothers, tonight at 20:30 Beijing time, it's once-again the monthly "Non-Farm Night." Having been around the market for many years, I feel it's necessary to discuss the potential impact of this data, especially its possible effects on our crypto market. First, let's look at the data to get a sense of the situation Let's first review last month (September) situation: New Non-Farm Employment: 156,000, honestly a bit underwhelming, below market expectations.Unemployment Rate: 3.8%, still relatively stable.Average Hourly Earnings Growth: 0.2% month-on-month, neither hot nor cold So what about this month's October data?
Do not log out of your account! Do not log out of your account! Do not log out of your account! Also, do not let others perform abnormal operations, otherwise neither party will receive rebates, which is not worth it. The only way now is to have someone around you help with authentication or enable assistant permissions, which is more convenient and requires no evaluation, with an independent backend. Assistant: 20%, Invited user: 20% Open another account yourself, and you can enjoy both 20% shares—this is the win-win model
I saw what other brothers posted in the square and asked why the handling fee is so expensive? The transaction type can be seen as a market order buy, with a market handling fee rate of 0.05% The handling fee for a single buy is over 6u If selling is also a market order, it similarly requires a handling fee of over 6u The total is over 12u The profit from this order is 9u, considering the handling fee of 12u, in fact, there is a loss of 3u😅 Try to use limit orders for transactions, the handling fee rate is 0.02%, but sometimes it may not trigger a transaction You can also use USDC trading pairs and BNB deductions to reduce handling fee expenses.
Many people, when unable to profit from trading, often do not first review their operations, but instead look for a seemingly reasonable excuse: "The capital is too small to play." To be honest, this statement itself is a self-imposed ceiling. Once you truly agree with it, the subsequent path and results are actually already predetermined. If the market truly was "only large funds can make money," then this field would have long been completely monopolized by institutions and traders, leaving no space for ordinary people to survive. However, the reality is quite the opposite—most people do not lose because of the scale of their funds, but rather because of their operating strategies and mindset.
Why do you always get stopped out at the right position?
Why do you always get stopped out at the right position? Market liquidity — this concept determines 90% of your profit and loss. Most retail investors buy at support levels and sell at resistance levels. Meanwhile, institutional traders are waiting for your stop-loss orders. The essence of liquidity Liquidity = Order volume. Mainly exists in the form of stop-loss orders. Two common liquidity forms: Equal highs/equal lows (support and resistance levels) rising/falling trend lines Traditional education tells you: sell at resistance levels, set stop-loss above the highs. Here comes the problem — this is exactly what institutions want. How institutions utilize liquidity Imagine you want to sell a contract worth millions of dollars.
Perpetual Contract Fee Analysis Opening and Closing Fee: 0.02% (Limit Order) 0.05% (Market Order), both opening and closing fees will be calculated based on the corresponding transaction type. Example: 100u opening principal, 100x leverage, the position value will be 10000u, with a market order, the opening fee will be 5u, and the closing fee will also be 5u, which is equivalent to 10% of the opening principal. Fee Calculation Method: Position Value (u) × Fee Rate
Funding Rate: Different trading pairs have different funding rates, which will change according to the current long-short ratio in the market. The default settlement times are 0:00, 8:00, and 16:00. Positive funding rate: at settlement times, long positions pay, short positions receive; Negative funding rate: at settlement times, short positions pay, long positions receive. In special market conditions, the exchange will actively adjust the rates and settlement times!!! Funding Fee Calculation Method: Position Value (u) × Funding Rate
Forced Liquidation Fee: This fee is incurred only when the position is forcibly liquidated, also known as liquidation, and this fee is very high. The contract account will be cleared (in full position mode). Forced Liquidation Fee Calculation Method: Position Value (u) × Liquidation Fee Rate #加密市场回调