ME News reports that on September 4 (UTC+8), QCP Capital stated that, one week after the Jackson Hole Symposium, market focus has shifted from Fed Chair Powell’s remarks to whether the hawkish rate repricing can be sustained. Powell emphasized that price stability remains the Fed’s top priority, but weak labor data and recent comments from Waller have reignited debate over whether September policy will hold rates steady or raise them. The U.S. Treasury will launch its first expanded long-term Treasury buyback on September 9, while the market will also see concentrated issuances of 3-year, 10-year, and 30-year Treasuries. Next week’s CPI data will also be closely watched. In the crypto market, spot demand has rebounded. This week, BTC traded in a range of approximately $76,700 to $81,500, and ETF inflows showed a clear recovery on Thursday after prior outflows. Leverage levels remain under control, with market resistance primarily stemming from spot supply near highs rather than excessive long positioning. Tonight’s non-farm payrolls report will be the next key test. (Source: BlockBeats)
QCP Capital: Crypto Spot Demand Increases, Market Focus Shifts to Sustainability of Hawkish Rate Repricing
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Summary
Crypto market activity increased this week as spot demand rebounded, with BTC trading between $76,700 and $81,500. A week after Jackson Hole, attention has turned to whether hawkish rate repricing can be sustained. Fed Chair Walsh reaffirmed inflation as the top priority, but recent weak labor data and Waller’s remarks have reignited the debate over September policy. Altcoins to watch may gain momentum if rate expectations shift. The U.S. Treasury will conduct a large-scale long-term repo on September 9, while the next CPI report and nonfarm payrolls will be key catalysts. ETF outflows reversed sharply on Thursday, and leverage remains under control.
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