ChainThink report, November 24, QCP released daily analysis indicating that after a decline of about 30%, BTC shows initial signs of recovery. The Fed's dovish statements have increased the expectation of a rate cut in December to 75%, and market liquidity may be shifting.

Derivatives data shows that investors have not given up on bullish bets, with long options open interest still higher than short options, concentrated in the 85K to 200K range. At the same time, negative funding rates imply that long leveraged positions have been liquidated, reducing short-term downside risks. The movement in the coming days will depend on U.S. retail data, core PCE, and ETF fund flows.