QCP Capital posted on their official channel that the unexpected and above-forecast non-farm data and rise in unemployment rate are enough to trigger a risk-off sentiment before the release of US inflation data and FOMC next Wednesday. Additionally, Roaring Kitty's live stream attracted nearly a million viewers, during which GME stock prices plummeted. Shanzhai coins and Memecoins also began to collapse, with a market value evaporating over $40 billion, which may not be a coincidence. QCP Capital saw bullish fund flows in this downturn, including sellers of aggressive put options and buyers of bullish spreads, especially in BTC. BTC and ETH subsequently rebounded from lows of $68,300 and $3,575, respectively. QCP Capital stated that they agree that this downturn is a good buying opportunity, as the market will increasingly digest the impact of Fed's at least one rate cut. As other countries around the world continue to cut rates, the US will find it difficult to ignore this.