Average hourly wages only went up by 0.3%, pointing to a cooling labor market. These numbers are adding weight to the idea that the Federal Reserve might soon hit pause on interest rate hikes—or even lower them.
That possibility matters a lot for assets like Bitcoin, which tend to do better when borrowing is cheaper and liquidity is high. A shift in central bank policy could push more institutional investors back into the market.
But for now, the mood is cautious. While some investors are quietly adding to their positions, many are waiting to see what the central bank does next.
Despite the shaky short-term action, Bitcoin still looks stronger under the hood. On-chain data shows that more holders are staying in for the long haul. At the same time, there’s less borrowing for risky trades. These trends suggest the market is shifting away from hype and moving toward value-based buying.
Featured image from Meta, chart from TradingView
