PANews June 4 news, Singapore crypto investment institution QCP Capital issued a statement saying that before the release of key employment data on Friday, the unexpected increase in job vacancies boosted market risk sentiment, and the S&P 500 index gradually approached the psychologically important 6,000-point mark. If the non-farm payrolls (NFP) data remains stable, it will consolidate the Fed's argument that the labor market is resilient and further strengthen expectations that interest rates will remain unchanged. On the trade front, the market remains on the sidelines ahead of the expected talks between the leaders of China and the United States. Bitcoin's near-term volatility has eased, with spot prices stabilizing around $105,000; the 1-month implied volatility has fallen below 40. Bitcoin is still trading in a range, with light positions and normal skewness, and the market direction is unclear. Its volatility curve has flattened, triggering speculative trading. The September expiration and $130,000 strike price call option transaction shows that some investors still have expectations for Bitcoin's rise in the third quarter. Looking ahead, the third quarter may be more challenging. Tariff-related impacts could begin to filter through to macroeconomic data, while fiscal risks surrounding the Big Beautiful Bill (BBB) and the debt ceiling could spark market volatility. In the absence of a clear catalyst, Bitcoin is unlikely to break out of its current range in a significant way.