Derived from Chainthink, on November 24, QCP noted that Bitcoin has shown initial signs of recovery after a roughly 30% pullback. The Federal Reserve's dovish comments have raised expectations for a 75% chance of a rate cut in December, potentially shifting market liquidity. Derivatives data indicates investors have not abandoned bullish bets, with year-end call options open interest still higher than puts, concentrated between 85K and 200K. Negative funding rates suggest long leveraged positions have been cleaned out, reducing short-term downside risk. The coming days' price movement may depend on U.S. retail data, core PCE, and ETF inflows.
QCP: Bitcoin Shows Early Stabilization Signs, Year-End Options Remain Bullish
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