HTX DeepThink: On-chain funds gradually shift towards high Beta, altcoin season may be approaching

According to TechFlow, on May 29, HTX Research analyst Chloe (@ChloeTalk1) pointed out in her current column that the activity of public chains such as Solana and Base continues to rise, with funds gradually shifting from the Bitcoin-dominated safe-haven assets to the high-beta altcoin market. Although Bitcoin's market dominance remains high, if it subsequently falls below 52% and liquidity continues to increase, it may officially trigger a new altcoin season.

Chloe stated that the sectors currently worth paying attention to include crypto lending and InfoFi. Among them, Maple Finance ($SYRUP) has benefited from Wall Street capital entering the crypto credit market, with TVL soaring from 800 million USD to 1.30 billion USD this month; meanwhile, InfoFi newcomer CookieDotFun ($COOKIE) has a market cap only one-fifth that of Kaito, which has a similar market positioning, indicating revaluation potential. It is worth mentioning that SYRUP/USDT spot trading and COOKIE/USDT contract trading have both been launched on Huobi HTX.

Read the full HTX DeepThink column

Note: The content of this article does not constitute investment advice nor any offer, solicitation, or recommendation for any investment products.