Looking at the latest US employment and recruitment data really makes people feel uncomfortable. The recruitment rate has dropped to 1.2%, directly returning to the level during the 2008 financial crisis, which is also the level during the 2020 circuit breaker period.

What’s even more heartbreaking is that even traditional "safe-haven sectors" like healthcare and social work are starting to cool off. The recruitment rate has hit a new low since 2020, and this is not just a market slowdown—it's a systemic warning.

Wall Street is still telling stories, but the reality is clear: what does the collapse of the employment market mean? The economic engine is already slipping in the air. Faced with this situation, the Federal Reserve can only go back to an old trick—restarting the printing press. There are no other options.

Before the floodgates open, this period is the harshest test for cash flow on hand. During days of liquidity depletion, every step of asset allocation must be carefully considered. If you wait until the market starts to move, and you’ve already been frostbitten by winter, it will be a loss.

Assets like BTC and ETH in this cycle are worth paying attention to in advance. Changes in economic expectations often lead data by a step.