QCP Capital: The crypto market is consolidating sideways, waiting for the release of US CPI data

Odaily Planet Daily News QCP Capital pointed out in its latest report that non-farm employment data last week was lower than expected, US stock futures continued to rise, two-year US Treasury yields fell to the lowest point this year, and the market bets on interest rate cuts reached 72 basis points this year. However, the risk appetite brought about by the expectation of interest rate cuts has not been transmitted to the cryptocurrency, which has remained sideways in the past week. The report said that the risk reversal indicator shows that the demand for put options for September expiration contracts has increased significantly, and the market may regard sideways as a bearish signal. But there are also opinions that Bitcoin still holds $110,000 after Strategy was removed by S&P 500, and Ethereum is also stable above $4,250, reflecting asset resilience. QCP Capital believes that this lack of direction reflects the market's cautious sentiment before the announcement of the US CPI this Thursday, and short-term implied volatility will remain high. If inflation data is higher than the 0.3% expectation, it may make the Fed's interest rate cut more complicated, but given the limited impact of tariffs, the Trump administration is unlikely to further escalate trade frictions.