Market Sentiment Shifts After Nonfarm Payroll Data Release

According to BlockBeats, on September 7, QCP Capital reported through its official channel that the initial market reaction to the release of nonfarm payroll data was positive, leading to a rise in risk assets. However, as the market began to digest the expectation of a 50 basis point rate cut in September, bullish sentiment experienced a significant shift. Following the release of the nonfarm employment data, the market initially estimated a 55% probability of a 50 basis point rate cut. By this morning, the likelihood of a 25 basis point rate cut had increased to 70%, while the probability of a 50 basis point rate cut had decreased to 30%. Despite the decline in cryptocurrency prices, the options market remained relatively calm. There was even a notable amount of put options being sold throughout the trading session. Observations indicated that as the spot market consolidated over the weekend, front-end volatility was decreasing.