Blockchain News Flash: Bitcoin (BTC) quickly retested $27,000 at the open on Wall Street on October 6 as US jobs data rattled the market. U.S. nonfarm payrolls (NFP) jumped to nearly twice the September forecast, at 336,000 versus 170,000. The data showed the labor market's continued resilience to the Fed's anti-inflationary measures in the form of interest rate hikes, but was seen as negative for risk assets including cryptocurrencies.

Analyst CrypNuevo said: "The good news is bad news because the Fed wants the labor market to lose power." He predicted that the Fed is increasingly likely to raise interest rates again at the November Federal Open Market Committee (FOMC) meeting. Market forecasts for interest rate adjustments have also been affected.

Looking at Bitcoin’s specific reaction, Trader Skew showed spot and derivatives traders exiting on NFP. Trader Daan Crypto Trades updated his analysis from earlier in the day, highlighting the decline in Bitcoin’s open interest (OI). He concluded: “That’s another $600 million in open interest losses since yesterday’s high. Once again reaching more average and ‘healthy’ levels.”