🔥 Today's (April 4th) key global news impacting Bitcoin movement (real-time)

1. US March Non-Farm Payrolls exceed expectations, Fed rate cut expectations completely cooled down (biggest negative)
• Data: 178k new non-farm jobs (expected only 65k), unemployment rate 4.3% (previous 4.4%), annual wage growth 3.5%
• Impact: Strong employment → Difficult to reduce inflation → Probability of Fed rate cuts in June drops to zero, rate hike expectations rise; US dollar index and 10-year Treasury yields jump, Bitcoin, as a non-yielding risk asset, is sold off
• Market: BTC quickly plunges from $71,500, breaks below $70k → $66,300-$66,400, about 6% drop in 24 hours, $420 million liquidated across the network (78% long positions)
2. Middle East geopolitical fluctuations, dual pressure from safe-haven demand and inflation
• Trump statement: Middle East conflict may end within 2-3 weeks, but threats of strikes remain; Iran signals willingness for negotiations, but situation is not fully clear
• Logic: Situation eases → Oil prices fall, rate cut expectations rise (positive); but conflict persists → Oil prices remain high, inflation concerns (negative) → Market oscillates repeatedly, risk appetite remains low
3. Crypto derivatives expiry + capital outflows amplify volatility
• About $14 billion worth of BTC options expire, large number of call options expire worthless, put options are exercised, selling pressure is released
• US stock market closed, crypto ETF funds see slight net outflows, liquidity tightens, intensifying short-term liquidations
4. Other key news
• US Senate advances crypto regulation bill for review, market remains cautious about regulatory implementation pace
• Fear & Greed Index remains at extreme fear, market sentiment is subdued#Gate广场四月发帖挑战 $BTC