Australia's November job vacancies decreased by 0.2% month-on-month, significantly narrowing from the previous month's -2.7% decline. The signal conveyed by this data is that the bottom characteristics of the employment market are gradually emerging. Although vacancies are still contracting, the pace of contraction is slowing. For the macroeconomy, the stability of the employment market often indicates that the economic cycle may have bottomed out, which will influence the future direction of central bank interest rate policies. From an asset allocation perspective, when employment indicators show signs of stabilization, risk assets typically present opportunities. As a high-risk asset, the crypto market often reacts to macroeconomic turning points ahead of traditional finance, making it important to closely monitor subsequent changes in such economic data.