QCP: Bitcoin Shows Signs of Temporary Stability, Year-End Options Betting Remains Bullish

BlockBeats News, November 24th: QCP released its daily analysis, pointing out that after experiencing about a 30% pullback, BTC has shown initial signs of a rebound. The dovish comments from the Federal Reserve have raised the odds of a December rate cut to 75%, indicating a potential shift in market liquidity.

Derivative data shows that investors have not given up on bullish bets, as the open interest of year-end call options remains higher than that of put options, concentrated in the 85K to 200K range. Meanwhile, the negative funding rate suggests that long leverage has been flushed out, reducing short-term downside risks. The future trend in the next few days may depend on U.S. retail data, core PCE, and ETF fund flows.