Bitcoin Surpasses $100,000, Yet Options Market Displays Lack of Direction, According to HTX Research

Despite the recent **rebound of Bitcoin** to the $101,000 mark, the options market is not signaling a strong trend, according to a report by analysts from **HTX**, a cryptocurrency exchange.

From May 9 to 12, a meeting is **anticipated** in Switzerland between U.S. Treasury Secretary Scott Besant and Trade Representative Jameson Greer with China’s Vice Premier He Lifeng to discuss easing trade tensions. The agenda includes talks on the repeal of elevated tariffs and the relaxation of export controls.

This news has sparked optimism in the markets, resulting in a 3.6% rise in Bitcoin, which exceeded $97,000. Currently, the leading cryptocurrency is trading around $99,000, yet the options market does not exhibit a clear trend.

**HTX Research** analysts believe that if inflation and employment data for May and June are strong, and the **Federal Reserve** delays interest rate cuts, it could lead to a correction in Bitcoin’s price. Conversely, if inflation slows and unemployment rises, Federal Reserve Chair Jerome Powell may adopt a more dovish stance, potentially continuing the bullish trend.

On May 7, the Federal Reserve **held** its key interest rate steady at 4.25-4.50% for the third consecutive time.

At a press conference, Chair Jerome Powell took a cautious stance, stating, “It is not the right time to initiate rate cuts.” He emphasized that the U.S. economy continues to grapple with persistent inflation exceeding the 2% target.

Inflationary pressures could also derive from trade factors, including recently **implemented** tariffs. He noted that the primary trigger for any change in monetary policy will be the state of the labor market, not solely inflation indicators.

In this context, Powell stressed that both inflation and unemployment levels will be critical in shaping monetary policy decisions.

Analysts at **HTX** assert that only a significant reduction in employment or a rise in unemployment above 4.5% could push the Federal Reserve to lower interest rates, even if inflation remains above the target level.

Additionally, HTX has **integrated** the Fireblocks Off-Exchange solution for institutional clients.