Bitcoin Options Market Signals Bullish Sentiment for a December Surge

Bitcoin (BTC) has seen a renewed upward trend this week, challenging recent downward market trends. This recovery is fueled partly by expectations of a 75% chance of a December rate cut from the Fed’s cautious statements. Notably, options markets are signaling continued bullish sentiment for Bitcoin. QCP Capital, a Singapore-based analysis firm, highlights that call options (betting on higher prices) have surpassed put options (betting on lower prices), indicating an active investment in options market strategies by option holders. 75% probability of rate cut by December from the Fed has led to bullish calls for Bitcoin.