In recent days, the information flow has been dominated by employment data. The US Non-farm Payrolls (NFP) came in unexpectedly low, and the unemployment rate rose to 4.5%, with various headlines flooding in. However, what truly causes Fluctuation in the crypto market is often not the data itself, but the interpretations behind these numbers.

Interestingly, a comment made by a certain American politician on a social media platform completely changed the narrative perspective. He pointed out that the rise in unemployment rate is primarily due to government job cuts, rather than a comprehensive economic downturn. This detail represents a complete expectation adjustment for astute traders—also a window for seeking trading opportunities.

**Political Interpretation Behind the Data**

Just look at the comparison between August 2024 and April 2025 to understand. When the employment data in August falls short of expectations, the rhetoric is fierce; when the April data exceeds expectations, the attitude immediately reverses. This "double standard" operation has taught market participants one thing - the release of official data and the official interpretation are often two different things.

The data released in early August this year is indeed shocking: the US Non-farm Payrolls (NFP) in July only added 73,000 jobs, far below market expectations. Even more startling is that the data from the previous two months was significantly revised down by 258,000 jobs. As soon as this revised data came out, the market immediately fell into panic mode.

The subsequent political response was even more intense. Relevant officials accused data falsification on social media and even made personnel adjustments. This series of actions directly triggered a severe fluctuation in the market.

For participants in the crypto market, the key is not whether the data itself is good or bad, but how to understand the political games behind this data. Differences in expectations are often the driving force of the market.