#2月非农意外负增长 U.S. non-farm payrolls in February directly contracted by 92,000, far exceeding market expectations, instantly igniting market sentiment. Once the data was released, expectations for interest rate cuts quickly heated up, but the market was more concerned about economic weakness, leading funds to move into safe havens. Bitcoin faced short-term pressure and pulled back, which is a normal reaction.

Weak non-farm data is actually a mid-term positive for Bitcoin—the economic slowdown and increased likelihood of Federal Reserve rate cuts lead to liquidity easing, benefiting high-value assets first. The current decline is mainly driven by short-term panic and leverage unwinding, which fundamentally does not change Bitcoin's long-term cycle logic.