Express
HTX DeepThink: Bitcoin Breaks New High, Funds May Accelerate Switch to Altcoins
Summary: According to HTX Research analyst Chloe, Bitcoin surged above $122,850, sparking expectations for the altcoin season and leading funds to spread towards high beta assets like ETH, SOL, and DeFi. The options market shows increasing bullish demand, with put-call skew rising to +5% and implied volatility remaining low, while trading volume and open interest significantly ...
According to HTX Research analyst Chloe, Bitcoin surged above $122,850, sparking expectations for the altcoin season and leading funds to spread towards high beta assets like ETH, SOL, and DeFi. The options market shows increasing bullish demand, with put-call skew rising to +5% and implied volatility remaining low, while trading volume and open interest significantly increase. On a macro level, Japan's 20/30-year bond yields hit a 20-year high, potentially triggering global arbitrage adjustments; trade tensions between the US and Europe escalate, reducing market expectations of a September rate cut by the Fed to around 70%, with inflation and policy uncertainty remaining key variables. Chloe believes that Bitcoin's current rise is driven by safe-haven and USD credit asset logic, while structural factors support funds further shifting towards the altcoin sector.
Tags:
Link: HTX DeepThink: Bitcoin Breaks New High, Funds May Accelerate Switch to Altcoins [Copy]