The latest QCP Capital report indicates that the cryptocurrency market has settled into a stable state after experiencing intense fluctuations last week, albeit with high implied volatility levels still in place. Investors seem to be gearing up for a series of key events this week, including the Trump vs. Harris debate scheduled at 9 AM on September 11th Beijing time, and the release of CPI data at 8:30 PM the same evening. With prices rapidly falling last week, there is a cautious stance regarding potential downside risks. The risk reversal indicators for BTC and ETH suggest that until October, the market is biased towards put options. Nevertheless, despite the noise and price volatility in the short term, QCP Capital maintains its structurally bullish outlook on the market. Notably, it appears that the market is taking advantage of this pullback period to invest more in long-term bullish positions, with significant buying activity observed in call options expiring on March 28, 2025, with strike prices of $85,000, $100,000, and $120,000.