All eyes were glued to that US jobs report dropping on Friday, revealing the economy added 162,000 positions in August—tripling the 55,000-58,000 whispers everyone braced for. Unemployment held steady at 4.1% while July got a glow-up revision from a 23,000 loss straight to a 21,000 gain. 💀
Bitcoin plunged hard below 79,000 after rejection at 82,400 earlier, dragging US stocks down the same spooky path while Treasury yields and the dollar spiked upward. 🌑
Good News Wrecking Risk Assets? 🦇
A strong labor scene looks cute on the surface but it hands the Fed extra breathing room to keep slapping down inflation without fretting over job crashes from those higher rates. That sent rate hike odds screaming past 50% the second the data hit. 🌸
Strong prints turning into bearish fuel for risk stuff when inflation lingers makes the whole system feel twisted. Even Trump looked shook at the instant selloff vibes.
The system is broken.
You know the system is broken when stocks FALL after the US unexpectedly adds +162,000 jobs in a month, TRIPLING expectations.
Why? Because a strong jobs report means a higher chance of rate hikes.
This is the product 60-straight months of 2%+ inflation.… pic.twitter.com/kP8y9kxBOj
— The Kobeissi Letter (@KobeissiLetter) September 4, 2026
Higher rates usually juice yields and the greenback while cranking down liquidity and chilling appetite for anything risky—so no wonder BTC dipped right after the print. 🕸️
Long Term BTC Thesis Stays Sinisterly Bullish 👄
Analyst Adam Livingston pointed out how sticky inflation plus mounting debt and the eventual monetary fixes needed will only boost Bitcoin’s core value play long term. 💉 Higher rates might squeeze it short term but they never fix the structural mess BTC was built to counter. 🖤 The asset stays super reactive to rate vibes in quick moves yet if inflation stays elevated with deficits ballooning and debt piling higher then holding scarce fixed supply assets gets even more tempting.
Just another echo from the void by iconofsin.eth 💖
