According to Odaily, QCP Capital's latest market analysis indicates that the unexpected over-expected non-farm data and rising unemployment rates are sufficient to trigger risk aversion before the US inflation data and FOMC announcement next Wednesday. Additionally, the live broadcast by Roaring Kitty attracted nearly a million viewers, during which the GME stock price plummeted. The value of altcoins and Meme coins also fell in sync, evaporating over $40 billion in market value, which may not be a coincidence.

There was bullish capital flow in this decline, including aggressive bearish option sellers and bullish spread buyers, especially BTC. QCP Capital believes that this decline is a good opportunity to buy on dips, as the market will increasingly digest the impact of the Federal Reserve's at least one interest rate cut from now on. As other countries around the world continue to cut interest rates, it will be difficult for the United States to ignore this.