Non-farm payrolls come in as a surprise disappointment, becoming an excellent catalyst for the crypto market! In Taiwan time on the evening of the 2nd day, driven by U.S. June non-farm employment data coming in far below expectations, market expectations for the Federal Reserve’s tightening policy cooled sharply, sparking a wave of “revenge” buying across the cryptocurrency market. Bitcoin surged past $62,000, while Ethereum climbed above the $1,700 level. However, this sudden rally also left the shorts unprepared—within 24 hours, the total liquidation amount across the entire network exceeded $630 million, with more than 130,000 contract traders being liquidated.