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Crypto Macro

US August JOLTS Due Sept 29; Bitcoin ETF Inflows Face Rate Test

The US Bureau of Labor Statistics will release August JOLTS job openings on Sept 29 at 10:00 ET, with market consensus at about 7.23 million versus July’s 7.27 million. The data lands after the Fed raised rates to 3.75%-4% on Sept 16, with 16 of 18 officials expecting another hike this year and October odds near 71%. Bitcoin slipped to about $83,000; US spot bitcoin ETFs drew roughly $2.4 billion last week.

Original source

AI take

The JOLTS print now matters less as a labour-market signal than as a rate-path input: with Fed officials overwhelmingly projecting another hike and October odds elevated, a soft openings number is the main near-term test for the ETF inflows that just arrived. That flow is the thing to watch — whether it proves sticky if the rate backdrop stays restrictive, or reverses as it did when macro data turned. Bitcoin's slide into the release suggests positioning is already defensive.

Generated by AI for reference only.

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