#美联储货币政策预期 Looking back at the experiences of the past decade, the market has always been repeating similar patterns. This short-term optimism in the Ethereum options market reminds me of the madness at the end of 2017. At that time, everyone believed that the bull run would never end, and what followed was a long bear market. Now seeing analysts mention the rise in bullish sentiment in October, but remaining cautious in the long term, makes me reflect: short-term fluctuations often mislead people's judgment.

Real investors should focus on long-term trends. The expectations of the Federal Reserve's monetary policy have a huge impact on the cryptocurrency market, and we cannot ignore this larger context. The market seems to have expectations for October, but long-term put options still have premiums, indicating that institutional investors remain cautious about the future.

History tells us that market sentiment always oscillates between fear and greed. When short-term optimism is high, it is precisely when we need to remain calm and cautiously assess the risks. After all, a true bull run often arrives quietly when everyone is most desperate. What we need to do is patiently wait while continuously accumulating knowledge to prepare for the next cycle.