HTX DeepThink: The current crypto market sentiment is high and volatile, and bitcoin may break through new highs

On May 20, HTX Research researcher Chloe (@ChloeTalk1) pointed out in the latest HTX DeepThink column that the crypto market is in a phase of "high sentiment and calm volatility" recently. The options market shows that long sentiment is dominant, the Call/Open ratio is as high as 1.55, and the premium of the bullish contract continues to rise; while the short-term implied volatility (IV) is pushed to a new 18-month low of 35-40%. In this case, Bitcoin may rise again within 30-45 days, possibly breaking through the 10.5-11 5,000 dollar range. But at the same time, there is also the risk of high leverage accumulation, and if volatility spikes or BTC effectively falls below $100,000, it may trigger a deleveraging stampede adjustment.
Chloe said that in the face of the current market, under the premise of controlling the total position, if part of the funds are allocated to high-quality counterfeit products with solid fundamentals and strong liquidity, they may be able to undertake the overflow momentum caused by the rise of Bitcoin. Tracks worth watching include SUI ecological leader project tokens and AttentionFi represented by Kaito.