#美国非农就业数据未达市场预期 Non-farm payroll data missed expectations again — only 50,000 new jobs added in December, and the figures for the previous two months were revised downward by 76,000. This signal is quite interesting.

The White House can no longer sit still; advisor Haskett has directly pressured the Federal Reserve to further loosen monetary policy. In this macro environment, market liquidity returning to normal is highly likely, it's just a matter of time.

$BTC and $ETH are indeed feeling a bit anxious now, with the market fear index reaching 41. However, institutional appetite remains strong, and they are betting aggressively at this level. VanEck recently did some calculations for ETH — a fundamental valuation of $22,000, with bullish scenarios even reaching $154,000. Where does this valuation support come from? It’s based on the ultimate idea that Vitalik once proposed: ETH should serve as the "basic medium" that carries value.

New developments are also happening on-chain. Last year, a community project that gained popularity due to Elon Musk’s tweet, although the developers have exited, the community’s resilience in self-governance has actually become stronger. During this rate-cutting cycle, this kind of decentralized vitality is especially prone to erupt. The key is to grasp the core contract logic, which is how to find like-minded DNA amid the noise.

DYOR