Bitcoin is showing signs of stabilization following a significant 30% decline, buoyed by dovish signals from the Federal Reserve that have increased the likelihood of a December rate cut to 75%. The options market remains optimistic, with substantial year-end call interest ranging from $85,000 to $200,000, indicating bullish sentiment. Additionally, negative funding rates suggest that excessive leverage has been cleared from the market. The sustainability of Bitcoin's recovery will depend on upcoming U.S. economic data and a recent shift back to positive ETF flows, which could further influence market dynamics.