CoinMeta data: September 25th was the quarterly options settlement date, with a total of 167,000 Bitcoin options expiring. The put-to-call ratio was 0.87, and the maximum pain point was $79,000, with a notional value of $14.04 billion. At the same time, 789,000 Ethereum options expired, with a put-to-call ratio of 0.67 and a maximum strike price of $2,380, and a notional value of $210 million. The market remained stable around the settlement date, and trading activity in the past two days was mainly driven by position rolling. This week, prices rose by $10,000 in a continuous manner, breaking through the $80,000 consolidation range. Despite the recovery of market confidence, Bitget suffered a hacker attack resulting in a loss of $300 million. Security incidents are relatively common in the later stages of a bear market and often signify the beginning of a new market cycle. Implied volatility ( IV ) rebounded slightly from last week but is still lower than during other periods. Overall trading activity increased, and due to the quarterly expiration date, GEX converged sharply around $84,000, with peaks after delivery expected to gather above $90,000. After a 10-month bear market, the current mini-bull market has lasted for over a month, with major cryptocurrencies seeing a concentrated rise in the past two months, and market sentiment has significantly improved.