QCP Capital: Market in Consolidation Phase Awaiting This Thursday's CPI Data Release, Low Likelihood of Further Escalation in US Trade Friction
BlockBeats News, September 8th, QCP Capital released its latest report stating that after last Friday's non-farm payroll data unexpectedly fell short of expectations, stock futures continued to rise. This data confirmed the soft job market trend since June — when the record of 53 consecutive months of job growth was broken. With the market betting on a further 72 basis point rate cut this year, the two-year U.S. Treasury yield also fell to a new annual low.
However, the risk appetite brought by the Fed's rate cut expectations did not spread to the cryptocurrency sector. Despite the stock market rebound and gold hitting new highs, cryptocurrencies showed independent price action, consolidating sideways over the past week.
The market may interpret this sideways movement as a bearish signal: the risk reversal indicator shows a surge in demand for put options, especially for September expiry contracts. However, some believe that this actually demonstrates the resilience of crypto assets — even though the Strategy was removed from the S&P 500 Index, Bitcoin still held above the $110,000 mark; despite five consecutive days of outflows in spot ETFs, Ethereum remained above $4,250.
QCP Capital believes that this directional ambiguity further reflects the market's cautious attitude ahead of Thursday's U.S. inflation data release. Short-term implied volatility remains high, a situation that may persist after the CPI data is published. If the inflation data exceeds the expected value of 0.3%, it may complicate the Fed's rate cut path. Although the probability is low, considering the impact of tariffs, the market is not entirely unprepared for this.
Even if the tariff policy causes a temporary spike in data, judging by the current economic situation, the likelihood of the Trump administration further escalating trade tensions is low. Therefore, unless this week's data triggers an overreaction, the crypto market will still receive solid support in the absence of significant catalysts.
You may also like

Ten Thousand Words Interpretation of STRC: Strategy for Making Money to Buy Coins New Magic

What competitive advantages are still defensible in the AI era?

For Whom the Bell Tolls, For Whom the Lobster Feeds? A Dark Forest Survival Guide for the 2026 Agent Player

Circle CEO's Latest Interview: Stablecoins Are Not Cryptocurrency

Deconstructing the Public Chain Pharos Capital Game: Is a $950 million valuation supported by assets like photovoltaics just a shell transaction under layers of betting?

a16z: AI is making everyone 10x more productive, but the true winner has yet to emerge

Why did the star Web3 project Across Protocol choose to abandon DAO?

In fact, ETH scaling is a major benefit for L2

Memories: 10 Key Contributions of the TON Core Team That Few People Knew in the Early Days

2025 South Korea CEX Listing Post-Mortem: Investing in New Coins = 70% Loss?

BIP-360 Analysis: Bitcoin's First Step Towards Quantum Immunity, But Why Only the "First Step"?

50 million USDT exchanged for 35,000 USD AAVE: How did the disaster happen? Who should we blame?

The Cryptographic Past of the Middle East

Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin

Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.

Vitalik wrote a proposal teaching you how to secretly use AI large models

On the eve of the explosion of on-chain options

WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.