On June 8, QCP Capital issued a statement on the official channel saying that the unexpected higher-than-expected non-farm payroll data and the rise in unemployment were enough to trigger risk aversion ahead of the release of US inflation data and the FOMC next Wednesday.
In addition, Roaring Kitty's live broadcast attracted nearly a million people to watch, during which time GME's share price plummeted. Counterfeit products and Memecoins also began to crash, wiping more than $40 billion off their market value, which may not be a coincidence.
QCP Capital saw bullish flows in this decline, including sellers of aggressive puts and buyers of bullish spreads, especially BTC. BTC and ETH then rebounded from lows of $68,300 and $3,575. QCP Capital said it agreed that this decline is a good opportunity to buy on the dip, as the market will increasingly digest the impact of at least one Fed rate cut. As the rest of the world continues to cut rates, it will be difficult for the U.S. to ignore this.
QCP Capital: Non-agricultural exceeding expectations triggered market risk aversion, and this decline is a good opportunity to buy bargains
2024-06-08 01:26:04
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