According to reports from Wu, QCP analysis points out that US job vacancy data unexpectedly rose, boosting sentiment for risk assets, with the S&P 500 approaching 6000 points. If this Friday's non-farm data is robust, it will strengthen expectations of the Fed 'keeping rates unchanged'.
Bitcoin spot is consolidating around $105,000, with the one-month implied volatility dropping below 40%. BTC may continue to maintain a range-bound pattern in the short term. Some investors are beginning to position for upside risks in Q3, with $130,000 call options trading at 47% volatility on September.
The third quarter may face trade tariff shocks, uncertainties related to the 'BBB Act', and the debt ceiling, which could trigger market volatility.
