According to BlockBeats news, on May 9, HTX Research analyst Chloe (@ChloeTalk1) stated in the latest issue of the HTX DeepThink column that although Bitcoin has returned to $100,000, there are still no signs of a 'frenzied surge' in the current market. The implied volatility (IV) of Bitcoin options remains in the range of 50%-55%, significantly lower than the 80%+ level at the peak of historical bull markets; the CME Bitcoin futures open interest is about $14.8 billion, also lower than the $20 billion peak during Trump's election in 2020.
Chloe pointed out that if U.S. Treasury yields do not break through 4.8% again, and ETF funds continue to flow in, BTC may consolidate and fluctuate in the range of $105,000 to $115,000, waiting for a new breakthrough opportunity. At the same time, she reminded to pay attention to the uncertainties in trade negotiations between China and the U.S. and between Europe and the U.S.; if trade frictions escalate, it may exert pressure on market sentiment and cryptocurrency prices.
It is worth mentioning that Chloe, in last week's column, predicted the potential emergence of a liquidity window in early May through macro data analysis, creating conditions for capital to flow back into the market.
