According to TechFlow, on September 4, Adam, a macro researcher at Greeks.live, said that the Bank of Canada announced a 25 basis point interest rate cut, which was in line with market expectations. U.S. stocks continued to fall at the opening, and Nvidia fell 20% in a week. The crypto market has been weak recently due to the macro economy and U.S. stocks. The market is paying attention to the employment data in the next two days. If it shows economic weakness, the Federal Reserve may cut interest rates by 50 basis points this month, which is expected to support the U.S. stock market and the crypto market. However, option data shows that except for the U.S. election week, the implied volatility of other maturities remains stable. The whales in the crypto market did not bet on large fluctuations this month, and generally believed that the market would be relatively stable.