QCP: Bitcoin shows signs of stabilization; year-end options betting remains bullish.
AI Summary1 min read
TL;DR
Bitcoin shows signs of stabilization after a 30% pullback, with bullish year-end options bets and reduced downside risk from cleared long leverage. Price movement may depend on upcoming US economic data and ETF flows.
Tags
BitcoinLayer 1Halving TokensOptions TradingMarket AnalysisFed PolicyETF Flows
Mars Finance reports that on November 24th, QCP published its daily analysis, indicating that after a pullback of approximately 30%, BTC is showing initial signs of a rebound. The Fed's dovish comments have raised expectations for a December rate cut to 75%, suggesting a potential shift in market liquidity. Derivatives data shows that investors haven't abandoned their upside bets, with year-end open interest in call options still exceeding that of put options, concentrated in the 85K to 200K range. Meanwhile, negative funding rates suggest that long leverage has been cleared, reducing short-term downside risk. The price action in the coming days will likely depend on US retail sales data, core PCE, and ETF fund flows.