BlockBeats News, May 20: HTX Researcher Chloe (@ChloeTalk1) stated in the latest issue of the HTX DeepThink column that the current crypto market is in a state of "euphoria with calm volatility." The options market is dominated by bulls, with a Call/Put open interest ratio of 1.55. The premium for call options continues to rise, while short-term implied volatility (IV) has dropped to 35–40%, marking a new low in nearly 18 months.
Chloe believes that against this backdrop, Bitcoin may see another uptrend in the next 30–45 days, potentially breaking through the $10.5–11.5k range. However, one should be cautious of the potential risks brought by leverage accumulation. If volatility surges or BTC falls below the $100k mark, the market may face a deleveraging sell-off adjustment.
At the current stage, while controlling the overall position, some funds can be rotated into high-quality altcoins with solid fundamentals and strong liquidity to capture the overflow momentum from BTC's uptrend. Key areas to watch include the SUI ecosystem flagship project token and the AttentionFi track represented by Kaito.
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