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QCP Capital: Market Fluctuation intensified, macro data impact will be magnified
BlockBeats news, on September 16th, QCP Capital stated in its official channel that after breaking through the $61,000 mark last weekend, the Cryptocurrency fell following the second assassination attempt on Trump. Before the Asian market opened, the lack of liquidity led to the liquidation of short positions worth nearly $70 million, exacerbating the decline. It is worth noting that BTC pumped 13.8% from $58k to $66k on the same week as the first unsuccessful assassination attempt on Trump on July 13th. TOKEN2049 is ongoing, and the FOMC meeting will be held on Wednesday (September 18th) with uncertainty about whether the interest rate will be cut by 25 basis points or 50 basis points. As the Fed’s first interest rate cut approaches, market tension is escalating, amplifying the impact of any unexpected macro data. The likelihood of a 50 basis point rate cut has jumped from 30% last Monday to 59%. This is reflected in the increasing Fluctuation, with BTC's implied Fluctuation rising by 8 and Ethereum rising by 20 on Friday.