QCP Capital stated in its latest report that Bitcoin plummeted again last Friday, briefly falling below $112,000, triggering over $1 billion in leveraged long liquidations. The reasons behind this include weak U.S. non-farm employment data and risk-averse sentiment triggered by a new round of tariffs. SOL and ETH fell nearly 20% and 10% respectively over the week, and there were also significant outflows from ETFs. Nevertheless, this round of adjustment is part of a leverage cleanout, and the structural bull market foundation remains intact, with the options market also showing bets on BTC rebounding to $124,000.