Bitcoin Price Slides After US Admits Nearly 1 Million ‘Phantom’ Jobs in Data Revision

Bitcoin price didn’t just fall. It reacted to something much bigger.

The U.S. government revised last year’s job figures downward by nearly 900,000 positions.

Markets hate something more than bad news. They hate unreliable data and uncertainty.

This update from the Bureau of Labor Statistics shook confidence. January saw 130,000 new jobs. On the surface it’s fine. But the huge downward adjustment to 2025 changes the whole story.

Source: Labor Bureau

Much of the reported strength was based on preliminary estimates, including the birth-death model, which can overestimate job creation during periods of economic transition.

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Risky assets took a hit due to increased uncertainty. Treasury yields increased from 4.15% to 4.20% over the 10-year period.

Uncertainty is poison for markets. You can see this in derivative flows. The activity of whale criminals is rapidly increasing, indicating that institutions are heavily guarded against further negativity.

The probability of a rate cut for March dropped from 22 percent to 9 percent within minutes. This kind of change changes the mood of the entire market. The setup gets even heavier when you add new warnings about volatility risks in the large BTC supply.

Source: CMEGroup

Could this be the bottom part? Maybe. However, the way the market behaves does not seem ready for this idea yet.

Keep an eye on the bond market. As long as yields continue to rise, Bitcoin will struggle to find stable ground. This is exactly how the liquidity game works.

However, chaos has a fun way of creating opportunity.

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Read original story Bitcoin Price Drops After US Admits Nearly 1 Million ‘Ghost’ Jobs in Data Overhaul with Ahmed Balaha at Cryptonews.com