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CryptoQuant: Binance's net undertaking volume exceeds $100 million, with strong buying

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2025-07-04 07:55:52
CryptoQuant's latest analysis shows that Binance net take-up exceeded $100 million, indicating strong buying momentum among traders ahead of the release of the US non-farm payrolls data. The latest data shows that the number of US non-farm payrolls increased by 147,000 in June, exceeding market expectations of 11-11.8 million; the unemployment rate fell to 4.1%, the lowest since February. The strong employment data points to the continued resilience of the US economy, and the market's expected probability of the Federal Reserve leaving interest rates unchanged in July has risen from 75% to 95%. This data supports the strengthening of the dollar, while it may put pressure on risky assets including bitcoin.
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