QCP Capital: The non-farm payroll exceeding expectations has triggered market risk aversion, this decline is a good opportunity to buy on dips

QCP Capital stated in its official channel that the unexpected surpassing of non-farm data and the rise in unemployment rate are enough to trigger risk aversion before next Wednesday's U.S. inflation data and FOMC announcement. In addition, Roaring Kitty's live stream attracted nearly a million viewers, during which GME stock price plummeted. Shitcoins and Memecoins also began to crash, with market value evaporating over 40 billion dollars, which may not be a coincidence. QCP Capital saw bullish fund flows in this decline, including sellers of aggressive bearish options and buyers of bullish spreads, especially BTC. BTC and ETH subsequently rebounded from lows of $68,300 and $3,575 respectively. QCP Capital stated that it agrees this drop is a good buying opportunity as the market will increasingly digest the impact of at least one Fed rate cut. As other countries around the world continue to cut rates, it will be hard for America to ignore this.