As news broke that Trump was going to permanently lay off federal employees, the market's focus has shifted from the government shutdown to the increasing expectations of a Fed interest rate cut in October, which has been clearly stated in the weekly report. Trump has initiated a sinister layoff strategy by leveraging the Democrats' refusal of the budget, on one hand reducing labor data through layoffs, forcing the Fed to consider continuing to cut interest rates.

On the other hand, attributing the reasons for layoffs to the Democrats' rejection of the budget is a twofold approach. Although layoffs may cause some functional departments to come to a halt, the Fed and the tax department are still operational, and the military has not been affected. This will not impact Trump's strategy on tariffs and geopolitics; rather, the Fed has lost the data it relies on for assessment and can only depend on forecasts.
The final result is that Trump artificially dropped the U.S. labor data, putting the Fed, which relies on labor data to determine whether to cut interest rates, in a more tangled state. This should also be the main reason for the market's rise.
Looking at the BTC data, the price increase has led to a rise in turnover rate. In the past two days, investors who bought the dip have been the main force in turnover, and the primary reason for buying is the bet that the government's shutdown will be beneficial for the Fed's interest rate cut in October, while not actually causing a negative impact on the economy. Investors believe this is positively helpful for the risk market.
According to URPD's data, the chip structure remains quite stable, with more investors still concentrated at $117,000. Even when the price of $BTC broke below $110,000, there was no significant reduction in holdings, and the investors' sentiment is very stable.
The specific impact of the shutdown will likely be known when the US stock market opens next Monday, but it seems to be a good thing from now on. #ETH #BTC #成长值抽奖赢iPhone17和周边