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The Labor Market and Bitcoin

2025-10-03 Entertainment
70.5k
3.3k
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Benjamin Cowen
Benjamin Cowen
995.0k subscribers

Labor Market Data Void and Bitcoin Cycle Parallels During Government Shutdown

Analyze how the US government shutdown obscures key labor market indicators, and discover historical patterns suggesting Bitcoin's next major rally might be imminent, despite data ambiguity.

Short Summary

  • Official labor data is unavailable due to a US government shutdown, replacing expected 4.3% unemployment figures.
  • Chicago Fed estimates suggest unemployment ticked up slightly to 4.34%, indicating minor softening, not crisis.
  • Job openings are steady, but ADP data shows two recent negative payroll printings, signaling potential slowdown.
  • Bitcoin charting strongly mirrors 2013, 2017, and 2020 cycles, positioning for a Q4 rally toward a market cycle top.
  • The 50-week moving average sits at $100K, marking the critical point where the current cycle officially ends upon a weekly close below it.

This discussion explores the immediate impact of missing BLS data on risk assets, focusing on the limited indicators available like ADP figures and quit rates. It connects the current macroeconomic uncertainty to historical Bitcoin price action during similar post-election years, providing technical outlook benchmarks for investors.

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Description

Due to the US government shutdown, we don't have a full set of data for the month. But we can discuss some of the metrics that were released and of course also talk about the implications for risk assets like #Bitcoin. Into The Cryptoverse Premium SALE: https://intothecryptoverse.com Into The Cryptoverse Newsletter: https://newsletter.intothecryptoverse.com/ LIFETIME OPTION: https://intothecryptoverse.com/product/subscription-to-the-premium-list-lifetime/ Alternative Option: https://www.patreon.com/intothecryptoverse Merch: https://store.intothecryptoverse.com/ Disclaimer: The information presented within this video is NOT financial advice. Telegram: https://t.me/intocryptoverse Twitter: https://twitter.com/intocryptoverse TikTok: tiktok.com/@benjamincowencrypto Instagram: https://www.instagram.com/bjcowen/ Discord: https://discord.gg/UGwc6eR Facebook: https://www.facebook.com/groups/intothecryptoverse Reddit: https://www.reddit.com/r/intothecryptoverse/ Website: https://intothecryptoverse.com/

Top Comments (10)

@VladUngureanuYT 2025-10-03

I stopped arguing with my wife just to watch this new video from Ben.

229 21 replies
@intothecryptoverse 2025-10-03

Into The Cryptoverse Premium SALE: https://intothecryptoverse.com

8 3 replies
@Intrepid_Elder 2025-10-04

I was about to walk down the aisle, told my best man to cover for me while I listen to Ben’s latest update.

4
@fibextention 2025-10-03

I love the labormarketverse!

2
@AIIBaII 2025-10-10

Just wicked below 110,000!

1
@kent_hdd 2025-10-03

Block the streets! Ben has uploaded a new video!

1
@Gabriel-np2yq 2025-10-04

😊 thanks ! 😊

0
@Boberg-x2 2025-10-03

Thank you Ben!

0
@ArashFadaei-dc1yt 2025-10-05

thanks benjamin

0
@adamdavies523 2025-10-04

Great stuff

0

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