According to data, BTC fell more than 1% in the past 24 hours to $64,500. Despite this, BTC options trading on the Deribit exchange favors call options above market prices.

QCP Capital said that a large number of purchases of options with December and March expiration and strike prices of $90,000 to $100,000 in the past 24 hours indicate that the market is bottoming out and preparing for a rebound that may last until 2025. The bullish sentiment in the options market deviates from the BTC price trend, especially in the long-term market, showing investors' expectations of future price increases.

At the same time, BTC decoupled from the trend of Nasdaq as long-term holders and miners sold BTC and the German government planned to sell $425 million worth of BTC.