After a dramatic decline, Bitcoin (BTC) is displaying tentative signs of stabilization following positive signals from Federal Reserve officials regarding a possible December interest rate cut. This has led to an increase in options activity, with a strong emphasis on bullish positions, even as technical indicators still suggest bearishness. Traders are hedging against further price drops while also anticipating a potential rally in the latter part of 2025. The ‘Max Pain’ level for December contracts sits at $104K, reflecting increasing volatility and record-high option open interest, but this recovery could be short-lived if the weekend bounce fails to sustain itself. If this rebound holds, investors are hoping it will mirror previous cycles where Bitcoin recovered strongly after sharp declines. Meanwhile, QCP Trading has received a Major Payments Institution (MPI) license from MAS, giving them full authorization to offer digital payment token services to institutional clients.