QCP Capital: Market volatility intensifies, the impact of macro data will be amplified
ChainCatcher news, QCP Capital stated in an official post that after breaking the $61,000 mark last weekend, the cryptocurrency fell following Trump's second assassination attempt. Before the Asian market opened, a lack of liquidity led to the liquidation of nearly $70 million in short positions, exacerbating the decline. Notably, Bitcoin rose 13.8% from $58,000 to $66,000 in the same week of July 13 when Trump first survived an assassination attempt.TOKEN2049 is currently underway, and the FOMC meeting will be held on Wednesday (September 18), with uncertainty still surrounding whether to cut rates by 25 basis points or 50 basis points. As the Federal Reserve approaches its first rate cut of this round, market tensions are escalating, amplifying the impact of any unexpected macro data. The likelihood of a 50 basis point cut has surged from 30% last Monday to 59%. This is reflected in the increasing volatility, with Bitcoin's implied volatility rising by 8 and Ethereum by 20 last Friday.