PANews reported on May 14th that HTX Research analyst Chloe (@ChloeTalk1) analyzed in the latest HTX DeepThink column that the April US CPI data released on May 13th was lower than expected, strengthening expectations of a Fed rate cut this year. Meanwhile, driven by factors such as the Fed's slowing QT, tax season fiscal fund inflows, and money market fund funds flowing out of RRP, macro liquidity was temporarily released, and crypto market funds significantly flowed back, driving a significant rebound in core crypto assets like BTC, ETH, and SOL in May. Institutional funds continued to flow in, with BTC futures open interest (OI) remaining high, reaching 3.4% of spot circulation, and ETH and SOL derivatives markets also showing strong recovery.
However, in the short term, the high profitability of short-term BTC and ETH holders, coupled with dense derivatives leverage positions, may trigger concentrated profit-taking and forced liquidation chain reactions if prices break through or fall below key technical levels, increasing market volatility risks.
