HTX DeepThink: Bitcoin breaks new high, funds may accelerate switch to counterfeit assets

According to BlockBeats, on July 15th, Chloe, a researcher at HTX Research, stated that BTC broke through $122850 during the day, triggering expectations of a "knockoff season" and funds are spreading towards high beta assets such as ETH, SOL, DeFi, etc. The options market shows an increase in bullish demand, with put call skew rising to+5% and hidden waves still at a low level. Transactions and OI have significantly increased. Macroscopically, Japan's 20/30 year treasury bond bond yield rose to a new 20 year high, or triggered the adjustment of the global arbitrage structure; The escalating trade friction between the United States and Europe has lowered market expectations for the Federal Reserve's September interest rate cut to about 70%, with inflation and policy uncertainty remaining key variables. Chloe believes that the current rise of BTC is driven by the logic of safe haven and "US dollar credit assets", while structural factors support further switching of funds towards counterfeit sectors.