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.

Last Update:

Tags:
Link: HTX DeepThink: Bitcoin Breaks New High, Funds May Accelerate Switch to Altcoins   [Copy]
  • Figma's IPO Triumph and Crypto Bet: How a Design Disruptor Stunned Wall Street After a ... 3 days ago
  • When Stablecoins Tear Down Banks’ Interest Margin Moats — A Third Look at the U.S. “Ge... 4 days ago
  • Twitter Space Highlight: Is Altcoin Season Coming? Unpacking BTC, Institutions & RWA 6 days ago
  • BTC Weekly: Momentum Top Divergence Signals Potential Shift Lower 6 days ago
  • The GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 9 days ago
  • You need to login to comment.