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QCP: Bitcoin shows signs of stabilization, and year-end Options bets remain bullish.
On November 24, QCP published its daily analysis, pointing out that after experiencing a pullback of about 30%, BTC is showing initial signs of rebound. The Fed's dovish remarks have raised the expectation of a rate cut in December to 75%, and market liquidity may be shifting. Derivative data indicates that investors have not given up on upward bets, as the open interest for year-end call options remains higher than that for put options, concentrated in the 85K to 200K range. Meanwhile, the negative funding rate suggests that long positions have been cleared, and short-term downward risks have weakened. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.