[QCP: Crypto Market Stabilizes and Recovers, BTC Needs to Break $115,000 to Confirm Uptrend] Reported by Jinse Finance, QCP's briefing indicates that the crypto market has begun to stabilize after last week's sharp correction, with Bitcoin and Ethereum recovering to $112,000 and $4,100 levels, respectively. Despite large-scale ETF redemptions, the market has demonstrated strong resilience. Optimism has reignited in the perpetual contracts market, with leveraged long positions returning. The open interest in perpetual contracts has risen from $42.8 billion to $43.6 billion, and BTC perpetual contract funding rates remain positive. Analysts pointed out that while market conditions support the upcoming "Uptober" trend, Bitcoin still needs to break $115,000 to confirm a new round of upward momentum. The options market shows that traders are gradually rebuilding confidence, with bearish skew returning to normal levels.