Despite the recent negative news surrounding Mt. Gox and the DMM hacking incident, the cryptocurrency market has continued to maintain a bullish stance, according to QCP Capital. The firm believes that the ongoing bullishness is driven by the market's anticipation of new demand brought about by the Ethereum spot ETF, which is expected to be approved in the near future.

The options market is reflecting this bullish sentiment, with Ethereum's volatility remaining 15% higher than Bitcoin's. This suggests that investors are increasingly optimistic about the future of Ethereum and are willing to take on more risk in order to capitalize on potential gains.

Another factor contributing to the market's resilience is the anticipation of spot ETF approvals for other mainstream cryptocurrencies in the near future. This has led to an increase in long positions, as speculators believe that these approvals will bring in new demand and drive prices higher.

Despite the negative news, the market's ability to maintain a bullish stance is a testament to its resilience and adaptability. The ongoing bullishness is a clear indication that investors are confident in the long-term potential of the cryptocurrency sector and are willing to ride out short-term volatility in order to capitalize on potential gains.

In conclusion, the market's continued bullishness is a reflection of its anticipation of new demand and ETF approvals. Despite the recent negative news, the market's resilience and adaptability have allowed it to maintain a bullish stance, and investors are increasingly optimistic about the future of the cryptocurrency sector.