#BinanceABCs The US unemployment rate data just released directly broke market expectations—4.6% versus the previous forecast of 4.4%, surpassing expectations and rising unexpectedly, which is actually quite significant.

What signals does this data release send? To put it simply, the US labor market is experiencing marginal cooling. When the unemployment rate rises, it often triggers a chain reaction—resident consumption willingness weakens, and economic growth is also dragged down. At this point, it’s hard to justify the Federal Reserve sticking to tight monetary policy.

From a policy perspective, when the unemployment rate breaks the warning line, stabilizing growth and safeguarding employment inevitably become the priority for monetary authorities. In other words, the easing cycle might truly start in 2026. Whether it’s cutting interest rates early or expanding the balance sheet, market expectations for these easing tools are heating up.

What does this mean for $BTC, $ETH , and other risk assets? The flow of funds may reach a turning point, and valuation logic will adjust accordingly. Participants in the crypto market are now closely watching this variable to see how the easing expectations will unfold.