The freshly released ADP employment data just delivered a real surprise—not only did it miss expectations, it even dropped into negative territory. It looks like the engine of US employment is sputtering out a bit. At this point, it would be hard for the Fed to justify not cutting rates in December, right?

From a crypto market perspective, this news is basically a tailor-made catalyst. Rate cut expectations were already running hot, and now with employment data turning soft, the market logic becomes even clearer: economy cools off → central bank is forced to inject liquidity to support the market → dollar liquidity increases → high-risk assets like ETH, ZEC, and GIGGLE naturally see capital inflows.

Of course, a single month’s data isn’t enough to determine everything, but getting this card right before the FOMC meeting is definitely crucial for the bulls. Where do you think this “rate cut invitation” could push the market?