According to Odaily Planet Daily, QCP Capital posted on its official channel that after the release of non-agricultural data yesterday, the market initially reacted positively, driving risk assets up. But as the market digested the expectation of a 50 basis point rate cut in September, bullish sentiment turned sharply. After the release of non-agricultural employment data, the market expected a 50 basis point rate cut with a probability of 55%. As of this morning, the market expected the probability of a 25 basis point rate cut to rise to 70%, and the probability of a 50 basis point rate cut fell back to 30%. Even if cryptocurrencies go lower, the options market is relatively calm. Even a large amount of put option selling was seen throughout the trading session. We observe that front-end volatility is declining as the spot consolidates over the weekend.