QCP Capital's latest report pointed out that after the Jackson Hole meeting, there was a large amount of call option spread buying in the market, and there was also a large amount of call option selling for March 2025 expiration and a strike price of $100,000. This phenomenon may indicate that the market is bullish, but it is not expected to rise explosively in the short term. Despite the rise in spot prices, the volatility of BTC and ETH was still more bearish than bullish before October, which is in contrast to the general optimism. QCP analysis believes that this may mean that the market is fully prepared for this rise and quickly profited by selling call options. With the recent volatility gradually decreasing, QCP Asia expects that Bitcoin may fluctuate in the range of $62,000-67,000 in the short term. Based on the current market trend, QCP recommends that investors consider deploying a long strategy in the fourth quarter.