According to @QCPgroup, put skew has moderated after the December 85k BTC put was not rolled, indicating reduced near-term demand for downside protection (source: @QCPgroup). They also report overall open interest is down roughly 50% post-expiry, with BTC and ETH positioning lighter and capital sidelined, leaving markets directionless but vulnerable into year-end (source: @QCPgroup).

According to @QCPgroup, they have published a new article titled "Bitcoin's price will stabilise as institutional adoption and real-world uses grow," outlining a base case of BTC price stabilization as institutional participation and real-world utility expand (source: QCP report: https://www.qcpgroup.com/wp-content/uploads/2025/12/Bitcoins-price-will-stabilise-as-institutional-adoption-real-world-uses-grow-.pdf). This view aligns with QCP's stated focus on building disciplined, institutional-grade solutions to support sustainable growth across digital asset and traditional finance ecosystems, a context traders can use when evaluating BTC liquidity and volatility regimes in 2025 (source: QCP on X, Dec 9, 2025: https://twitter.com/QCPgroup/status/1998332847627862460). Traders seeking positioning cues can reference QCP's institutional outlook to inform risk management across BTC spot, futures, and options as adoption trends unfold (source: QCP report: https://www.qcpgroup.com/wp-content/uploads/2025/12/Bitcoins-price-will-stabilise-as-institutional-adoption-real-world-uses-grow-.pdf).

According to QCPgroup, BTC is steady in the mid 90k range after rebounding from 86k, with market tone remaining cautious and positioning showing little appetite to add exposure (source: QCPgroup on X, Dec 3, 2025). According to QCPgroup, risk assets are drifting into a politically charged FOMC next week, reinforcing a wait-and-see stance for crypto traders (source: QCPgroup on X, Dec 3, 2025).