BlockBeats news, on November 24, QCP published a daily analysis pointing out that after experiencing about a 30% pullback, BTC shows initial signs of a Rebound. The Fed's dovish remarks have raised the expectation of a rate cut in December to 75%, and market Liquidity may be shifting. Derivation data indicates that investors have not abandoned their bullish bets, with the open interest of year-end call options still higher than put options, concentrated in the 85K to 200K range. At the same time, the negative funding rate suggests that long positions leverage has been cleared, and short-term downside risks have weakened. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.
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QCP: Bitcoin shows signs of stabilization, and year-end Options bets remain bullish.
BlockBeats news, on November 24, QCP published a daily analysis pointing out that after experiencing about a 30% pullback, BTC shows initial signs of a Rebound. The Fed's dovish remarks have raised the expectation of a rate cut in December to 75%, and market Liquidity may be shifting. Derivation data indicates that investors have not abandoned their bullish bets, with the open interest of year-end call options still higher than put options, concentrated in the 85K to 200K range. At the same time, the negative funding rate suggests that long positions leverage has been cleared, and short-term downside risks have weakened. The market trend in the coming days may depend on U.S. retail data, core PCE, and ETF fund flow performance.