QCP Capital published a report in its official channel stating that recent data from the US JOLTs job openings fell to the lowest point since January 2021, while layoffs reached the peak since March 2023. This sparked market expectations of a potential 50 basis points rate cut by the Fed in September. Against this backdrop, major cryptocurrencies like BTC and ETH exhibited significant price fluctuations across different trading sessions. Although BTC rose above $58,500 during the US trading hours, with ETH nearing $2,500, prices retreated during the Asian trading session, settling at around $57,000 for BTC and $2,400 for ETH. Notably, the outflow of Bitcoin spot ETFs reached its lowest level in the past six trading days (-$37.5 million) overnight, indicating relatively stable market sentiment. Throughout the week, Bitcoin's volatility remained high, increasing by 6% compared to the week's low. Considering yesterday's market indicators (VMI), analysts predict that Bitcoin volatility will stay at a high level in the near future, urging investors to prepare for risk management.