TechFlow, June 5 — In this column, HTX Research analyst Chloe (@ChloeTalk1) analyzes that the current crypto market is in a delicate phase of "policy-friendly but funding-tight." On one hand, policy developments are favorable: stablecoin regulation, Token legislation, and tax exemptions are progressing smoothly; institutional BTC buying continues to provide long-term support; and cooling core inflation has boosted expectations for rate cuts within the year. On the other hand, U.S. Treasury yields are rising counter-trend, with the 30-year yield reaching 5%, nearing its 2023 high. Strong bond market performance is drawing capital away from risk assets, while TGA account replenishment pressures liquidity, making it difficult for BTC to stage a strong breakout in the short term, increasing the likelihood of continued consolidation.
Regarding altcoins, Chloe notes that due to their high volatility and lack of structural support, they may face higher systemic correction risks compared to major cryptocurrencies.
Read the full HTX DeepThink column
Note: The content of this article does not constitute investment advice, nor is it an offer, solicitation, or recommendation regarding any investment product.
