The latest report from QCP Capital indicates that the cryptocurrency market has stabilized after fluctuations last week, but implied volatility remains high. The market seems to be preparing for significant events this week, particularly the debate between Trump and Harris (9:00 Beijing time on September 11) and the release of CPI data (20:30 Beijing time on September 11). Given the speed of price declines last week, the market is cautious about downside risks, with risk reversals for BTC and ETH leaning towards put options until October. Despite short-term noise and price fluctuations, QCP Capital maintains a structurally bullish stance. The market also appears to be using this pullback to increase long-term bullish positions; the company observed large buyers purchasing call options expiring March 28th, 2025 (with strike prices at $85k, $100k, $120k USD).