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

2025.11.24 17:55:06

November 24th: QCP issued its daily analysis, noting that following a nearly 30% pullback, BTC has exhibited initial signs of a rebound. The dovish remarks from the Federal Reserve have increased the probability of a December rate cut to 75%, indicating a potential change in market liquidity. Derivative data shows that investors have not given up on bullish wagers. The open interest of year-end call options remains higher than that of put options, concentrated in the range of 85K to 200K. Meanwhile, the negative funding rate implies that long leverage has been flushed out, reducing short-term downside risks. The future trend in the next few days may hinge on U.S. retail data, core PCE, and ETF fund flows.
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