Chloe (@ChloeTalk1), HTX DeepThink columnist and HTX Research analyst, observes that while Israel’s airstrikes on Iran’s nuclear facilities have rattled global markets, Bitcoin held firm—dropping just ~4% versus an 8.4% plunge following last year’s Iran missile strikes—and quickly rebounded to around $107,000. The $100,000 level remains a widely recognized psychological support level.
On-chain data shows that over $1.1 billion in long positions across crypto markets have been liquidated since June 13, with BTC accounting for more than 40% of the total. The Fear & Greed Index remains in the “Greed” zone, indicating that the market has yet to fully transition into a risk-off stance.
Options market continue to signal strong bullish sentiment—Bitcoin options open interest has surged to a record $42.5 billion, dominated by June and July calls at $110K and $120K. Total call premiums ($70 million) overwhelmingly exceed puts ($15 million), with a put/call ratio near 0.21—underscoring extreme optimism.
Meanwhile, market focus has shifted to the upcoming Federal Reserve policy meeting. The recent surge in oil prices due to Middle East tensions could rekindle inflation concerns, but May’s CPI and PPI data indicate core inflation remains relatively tame. This macro disconnect between data and sentiment is fueling policy uncertainty. Most expect Fed Chair Jerome Powell to avoid any major pivot and instead reiterate a “wait-and-see” approach grounded in data dependency.
*The above content is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product.
About HTX Research
HTX Research is the dedicated research arm of HTX Group, responsible for conducting in-depth analyses, producing comprehensive reports, and delivering expert evaluations across a broad spectrum of topics, including cryptocurrency, blockchain technology, and emerging market trends. Committed to providing data-driven insights and strategic foresight, HTX Research plays a pivotal role in shaping industry perspectives and supporting informed decision-making within the digital asset space. Through rigorous research methodologies and cutting-edge analytics, HTX Research remains at the forefront of innovation, driving thought leadership and fostering a deeper understanding of evolving market dynamics.
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About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investments, incubation, and other businesses. As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.
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