QCP Capital posted on its official channel that this week saw a conflict between Iran and Israel, and the market expects more severe retaliation from Israel, which targets critical infrastructure such as Iran's nuclear facilities or oil facilities. In addition, the non-farm data reflects a strong labor market, and the possibility of further interest rate cuts later this year has boosted risk assets, allowing BTC to recover $62,000. As we enter the fourth quarter, options market activity continues to grow, and demand for December calls continues to increase, highlighting the market's bullish view towards the end of the year. Although QCP Capital still believes that macro data still supports the "bullish October" (Up◡) view. But in the lead-up to the US election, geopolitical risks are the biggest hidden danger, and QCP Capital prefers to lock in yields at current levels and prepare for a year-end rally.