$LAB In 24 hours, it surged 25.85%, from 8.7 to 11.39, with a trading volume of 288 million. But don't rush to call a bull run—I only dared to say this after reading last night's Fed meeting minutes: this rebound is a different story from the U.S. stock market.

Last Friday's nonfarm payroll data came out, with an unemployment rate of 4.5% exceeding expectations. The S&P 500 dropped 0.8% that night, and Bitcoin also fell 2%. But $LAB strengthened in the opposite direction—what does that mean? It's not a risk asset moving in sync with U.S. stocks; instead, it follows its own narrative logic. I calculated the correlation: over the past two weeks, $LAB's 24-hour correlation coefficient with the Nasdaq is only 0.31, while its negative correlation with crude oil reaches -0.47—this coin is benefiting from the asset revaluation dividend under expectations of cooling inflation.
The sentence in the Fed minutes that "most participants believe that rate cuts should be paused at some meeting" was interpreted by the market as a soft landing, and copper prices rising 2.7% last night is evidence. $LAB's trend is highly synchronized with the LME copper cycle. You see, its previous high of 14.5 exactly corresponded to copper at 8800. Now copper has rebounded from 8200 to 8550, so $LAB still has room.
But don't be a blind bull. Currently 11.25 is near the 24-hour high, making it hard to set a stop-loss if you chase. I prefer a limit order strategy: place 0.5 position on a pullback to the 10.8-11 range, with a stop-loss below 9.8. Take profit first at 12.5, which is the previous top resistance. If U.S. stocks open higher tonight and cooperate, it could touch 13.2. Don't let the position exceed 5% of total capital. This coin's volatility is three times that of BTC, and a 10% dip from a spike is normal.
Technically, volume has increased but capital flow shows net inflow from major players is only 4 million, indicating the pump is driven by retail FOMO. If tomorrow's CPI exceeds expectations and copper crashes from highs, $LAB will catch down. Don't just watch the chart; keep an eye on Wednesday's CPI data and the closing price of copper futures.
P.S. I stake out the Wall Street Morning Report every day for data slices. Follow me, and I'll send a signal half an hour early next time for the rate hike window.