Non-farm payroll data once again plays out a classic script—job openings shrink, while the unemployment rate actually declines. Behind these seemingly contradictory figures, the true dilemma of the current employment market is revealed.

It's like saying: companies are tightening their hiring plans, but there are actually fewer people without jobs. This bizarre combination often leaves the market in a dilemma—whether the economy is weakening or employment can still hold up.

For traders focused on macro factors, such contradictory data often triggers market volatility. Federal Reserve policy expectations, risk asset valuations—everything looks for clues in these data changes. As a risk asset, the crypto market is also inevitably affected by this round of economic data rhythm.