[QCP: Bitcoin Shows Initial Rebound, Year-End Call Options Dominate] On November 24, QCP analyzed that Bitcoin showed an initial rebound after a roughly 30% pullback, with dovish remarks from the Federal Reserve raising the probability of a December rate cut to 75%. Derivatives data indicates that open interest in year-end call options exceeds that of put options, concentrated in the $85,000 to $200,000 range. Negative funding rates suggest that leveraged long positions have been cleared, reducing short-term downside risks. Future trends may be influenced by U.S. retail data, core PCE, and ETF fund flows.

[Generali Economist: A Fed Rate Cut in January Next Year is More Reasonable] Generali Investments senior economist Paolo Zanghieri stated that he and his team believe the market's expectations for the extent of Federal Reserve rate cuts are too high. They estimate a 50% probability of a rate cut next month. Given the limited new data, it would be more reasonable for the Fed to cut rates in January next year, while possibly signaling a dovish stance. Zanghieri pointed out that the market's expectation of nearly four rate cuts next year is overly optimistic; they anticipate only a 50-basis-point rate cut by summer.

Japan's largest asset management company announced plans to launch a Bitcoin fund to further promote cryptocurrency investment development in the Asian region. （The Bitcoin Historian）

[Japan's Largest Asset Management Company Nomura Plans to Launch Crypto Investment Products] Japan's largest asset management company Nomura plans to launch Bitcoin and cryptocurrency investment products.

[Capital Economics: Fed's December Meeting May Face a 6:6 Voting Deadlock] On November 24, analysts at Capital Economics stated that the Federal Reserve's recent divisions have intensified, and the December rate-setting meeting may result in a 6:6 voting deadlock. The report pointed out that four regional Fed presidents—Collins, Goolsbee, Mester, and Schmid—and Fed governors Barr and Jefferson are opposed to or cautious about the proposal for rate cuts. Meanwhile, three governors appointed by Trump—Bowman, Miller, and Waller—as well as Williams, are inclined to support rate cuts. Capital Economics believes that if Williams aligns with Powell and Governor Cook, a tie may occur, in which case the federal funds rate will remain unchanged.