Odaily Planet Daily News: In a column in The Scoop co-authored by Frank Chaparro, Director of Special Projects at The Block, and Laura Vidiella of MNNC Group, QCP said that we need a catalyst to get things started again. The strong launch of the spot Ethereum ETF may be such a catalyst, and the strong response "will increase liquidity and may surprise the market with an upward trend." In addition, some people believe that if Trump wins the US election in November, the market may rebound and enter a massive bull market cycle. At present, the derivatives market reflects this temporary pessimism, and the inverted term structure shows that the implied volatility of short-term options is higher than that of long-term options, indicating that the bearish sentiment is excessive.