THE BIG PICTURE: A strong US jobs report sent markets into a tailspin. Here’s the paradox: a healthy economy triggered a multi-trillion dollar sell-off across Bitcoin, gold, and Wall Street. The data killed the rate cut narrative. Analysts from @nansen_ai note that markets were hoping for labor weakness to force the Fed's hand. Instead, a strong report signals a more hawkish stance, crushing risk appetite for assets like $BTC. Massive tech stock offerings to fund AI and funds rebalancing for the upcoming SpaceX IPO also added to the selling pressure. https://t.co/ph2WNYxAw5
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