The latest US non-farm payroll data for June was far below market expectations, significantly weakening the possibility of the Fed continuing to raise interest rates. Market expectations for rate cuts quickly heated up, directly driving global risk assets to collectively strengthen.

The cryptocurrency market ushered in a broad rally, with Bitcoin rising over 5% in a single day, stabilizing above the $62,000 mark, Ethereum up over 7%, SOL surging nearly 9%, and small and medium-sized coins also following suit. Overseas, leading crypto-listed companies like Coinbase and Circle saw their stock prices rise simultaneously.

Under the rapid price surge, the battle between bulls and bears intensified. According to trading data statistics, nearly 130,000 traders worldwide experienced forced liquidations in the past 24 hours, with total liquidation amount reaching as high as $490 million, of which short positions accounted for the majority. The risk of short-term leveraged trading was concentratedly released. $BTC $ETH #预测世界杯葡萄牙VS克罗地亚