On May 20th, HTX Research analyst Chloe (@ChloeTalk1) stated in the latest HTX DeepThink column that the current crypto market is in a state of "high sentiment and calm volatility", with the options market favoring bulls, where the Call/Put position ratio reaches reached 1.55. Call option premiums continue to rise, while short-term implied volatility (IV) has dropped to 35-40%, a new low in the past 18 months.
Chloe believes that under this background, Bitcoin may attempt to surge again in the next 30-45 days, potentially breaking through the $105,000-$115,000 range. However, potential risks from leverage accumulation should be cautioned, and if volatility surges or BTC falls below $100,000, the market might face a deleveraging adjustment.
At the current stage, while controlling total positions, some funds can be rotated to allocate to high-quality Altcoins with solid fundamentals and strong liquidity, to capture the spillover momentum from BTC's upward movement. Noteworthy directions include Sui ecosystem leading project tokens and AttentionFi track represented by Kaito.
