QCP Capital: If the non-farm payrolls data is lower than expected, the market may expect a higher probability of a Fed rate cut in June/July

According to TechFlow, QCP Capital said that the volatility dropped yesterday, with BTC now well below 50% and ETH below 60%. They believe that it is unusual for volatility to drop before the release of important non-agricultural employment data.

If the data is bad, the market may expect a higher probability of a Fed rate cut in June or July, which would be a very positive factor. Yesterday's rate cuts by the Canadian and European central banks would also increase pressure on the Fed to cut rates.

They suggest buying June expiration digital options before potential catalytic events, which could yield excess returns. These include BTC 80k June 28th and ETH 5k June 28th trade suggestions.