Bitcoin Shows Stabilization Signs as Year-End Call Options Remain Elevated

Bitcoin showed preliminary rebound signals following a roughly 30% pullback, QCP said in a November 24 analysis. The Federal Reserve's dovish commentary lifted December rate-cut expectations to 75%, potentially shifting market liquidity dynamics. Derivatives data indicate investors maintain upside bets, with year-end call option open interest surpassing puts and concentrated between $85,000 and $200,000 strikes. Negative funding rates suggest leveraged long positions have been flushed out, reducing near-term downside risks. Price direction in coming days may hinge on U.S. retail data, core PCE figures, and ETF flow performance, the analysis noted.