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[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.