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resilience

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Bitget CFD Chief Analyst: Non-farm payrolls will test the resilience of the U.S. economy, and the dollar and gold may face directional choices

Bitget CFD Chief Analyst Lewis Huang pointed out in a live broadcast that this week's market focus has shifted from tech stock earnings reports back to U.S. employment data and Fed policy expectations.The key to this non-farm report is not just the number of new jobs added, but whether the unemployment rate, average hourly wage, and previous values' revisions collectively indicate a "orderly cooling" or "significant slowdown" in the labor market.Lewis Huang stated that if non-farm employment and wage data are both stronger than expected, the market will lower short-term rate cut bets, U.S. Treasury yields and the dollar are expected to strengthen, while gold and high-valuation tech stocks will face pressure; conversely, if employment, wages, and previous values' revisions all weaken, the market will raise expectations for Fed easing, and gold and non-U.S. currencies may receive support.He advised CFD traders to avoid chasing orders in the first minute after data is released, and to focus on observing whether the U.S. two-year Treasury yield, the dollar index, and gold form a synchronized confirmation, and to wait for a pullback opportunity after a key price level breakout. The current trading focus is not simply betting on the data's highs and lows, but rather judging how the non-farm report will change the market's pricing of the Fed's policy path.

Gate released the May Private Wealth Management Report: Under market pressure, quantitative strategies demonstrate resilience, and stablecoin regulation moves towards the implementation phase

Gate released the Private Wealth Management Report for May 2026. The crypto market continued its adjustment trend in May, influenced by rising geopolitical uncertainties and declining risk appetite. BTC fell approximately 2.9% during the month, while ETH dropped over 11%, with overall performance weaker than traditional risk assets during the same period. Against the backdrop of increased market volatility, Gate's private wealth quantitative strategies demonstrated strong resilience. Data shows that the net value of quantitative funds overall rebounded in May, with 90% of strategies recording positive returns. Among them, the "Interstellar Hedge (USDT)" cumulative return rate increased to 18.6%, with all 23 cycles within the statistical range achieving profitability, maintaining a win rate of 100%. Meanwhile, the drawdown levels of the USDT and BTC strategies continued to remain low, with overall risk control performance better than the market benchmark.At the same time, AI-related investments continued to be an important driver of growth. On the macro level, inflation remains a key variable affecting market expectations, with the market generally expecting the June FOMC meeting to maintain the current interest rate level. On the other hand, as the supporting details of the GENIUS Act gradually take effect, the regulatory framework for stablecoins is transitioning from policy framework to actual implementation, bringing more certainty to the digital asset industry.

JPMorgan: Bitcoin outperforms gold and silver, with capital flows and momentum showing resilience

JPMorgan stated that under the backdrop of ETF fund outflows, deteriorating liquidity, and institutional deleveraging, gold and silver are under pressure, while Bitcoin shows greater resilience and relatively stable capital inflows.Gold ETFs recorded nearly $11 billion in net outflows in the three weeks leading up to March, and there was also a significant withdrawal of funds related to silver. Coupled with rising interest rates and a strengthening dollar, this has pushed precious metal prices lower. Meanwhile, Bitcoin funds continue to maintain net inflows, and market momentum is gradually improving. In terms of price performance, Bitcoin initially fell to the $60,000 range alongside risk assets at the onset of geopolitical conflicts but quickly stabilized thereafter, currently oscillating between $68,000 and $70,000, indicating that long-term capital is re-entering the market to support prices after the panic. Additionally, position and momentum data have also diverged, with institutional positions in gold and silver futures significantly declining since the beginning of the year, while Bitcoin futures positions have remained stable overall. Trend-following funds have shifted from "overbought" in precious metals to below neutral levels, exacerbating their downward pressure; Bitcoin, on the other hand, has rebounded from the oversold range, with selling pressure easing. Liquidity indicators show that the breadth of the gold market has fallen below that of Bitcoin, and silver liquidity has further weakened. JPMorgan believes that this change highlights Bitcoin's gradually emerging performance characteristics that differ from traditional safe-haven assets in the current macro and geopolitical environment.
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