TechFlow news, May 9 — Chloe (@ChloeTalk1), researcher at HTX Research, analyzed in the latest edition of the HTX DeepThink column that Bitcoin has returned to $100,000, but there are no signs yet of a "frenzied rally." Bitcoin options implied volatility (IV) remains stable between 50% and 55%, far below the 80%+ levels commonly seen at previous bull market peaks. CME Bitcoin futures open interest stands at approximately $14.8 billion, lower than the $20 billion peak reached when Trump was elected in 2020. If U.S. Treasury yields do not rise back above 4.8% and ETF inflows continue, Bitcoin could consolidate within a range of $105,000 to $115,000, awaiting the next breakout opportunity.
Chloe also pointed out that the market should remain cautious about risks arising from potentially stalled trade negotiations between China and the U.S. as well as between Europe and the U.S., as escalating trade tensions could negatively impact global market sentiment and exert pressure on risk assets such as Bitcoin.
Notably, last week's HTX DeepThink column combined macroeconomic data to predict a liquidity window emerging in early May, which could drive capital back into the crypto market.
Read the full HTX DeepThink column: https://medium.com/@htxresearch/htx-deepthink-流动性窗口出现-重回10万美元后-比特币的下一步是什么-2a311e0d6523
Note: The content of this article is not investment advice, nor does it constitute an offer, solicitation, or recommendation regarding any investment product.
