$GPS This wave of rally is simply a slap in the face of the Federal Reserve. Last night, non-farm payrolls data exceeded expectations, but GPS surged against the trend by 13.46%, directly breaking through 0.0083, with a trading volume of 3.9 million, doubling previous levels. Is someone seeing the cards in advance, or are the big players sending the short-sellers to the sky?

Non-farm employment increased by 253k, far exceeding the expected 185k. After the data was released, the 10-year U.S. Treasury yield instantly soared to 4.65%. Bitcoin responded by dropping 2.3% to 68,700, but GPS violently rebounded from last night’s low of 0.0073. During the same period, gold fell 2.1%, and crude oil dropped 3.4%. This abnormal movement made me slam the table—while the negative correlation between U.S. tech stocks and gold is -0.87, GPS’s real-time correlation with Nasdaq 100 futures shot up to 0.63, indicating that funds are treating tokens as risk assets for speculation, and before the CPI data is announced on Wednesday, the market is betting on inflation easing in advance.
More importantly, the Federal Reserve minutes mentioned “some members are concerned about liquidity in the banking system,” which directly benefits the decentralized stablecoin sector. As a payment protocol, GPS’s lending pool TVL surged 18% within 24 hours of the minutes’ release, closely matching the SOFR rate trend. From a quantitative perspective, GPS’s past five non-farm payroll reactions had a correlation coefficient of -0.55 with the dollar index DXY. This time, even as the dollar rose, GPS’s strength was greater, a typical institutional accumulation signal.
In terms of operation, the 0.0078-0.0080 range is a dense trading zone. If a pullback doesn’t break below, build a core position of 3%, with a stop loss at 0.0074. If the CPI data is below 6.0%, Bitcoin might first surge to 71,000, driving altcoins higher. Consider halving positions near the previous high of 0.0084, leaving half to aim for 0.0092. Keep positions within 5%, as tomorrow there’s a 1 billion options expiration, which could cause volatility to spike.
Don’t just look at the charts—despite the non-farm payrolls beating expectations, tokens didn’t fall along with them, often indicating a bigger trend brewing. Before the CPI release on Wednesday, watch the divergence between U.S. Treasury yields and gold. Once gold stabilizes and rebounds, GPS may accelerate further.