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Solana and Chainlink soared over 12% after July’s cooler-than-expected CPI data reinforced expectations of a September Fed rate cut. Institutional inflows, not retail speculation, are driving the current crypto rally, according to analysts. However, rising leverage has heightened systemic risks for altcoins.
- Institutional flows, not retail speculation, are the primary driver of the current crypto rally, marking a shift from previous cycles.
- July's CPI print of 2.7% (below forecasts) pushed Fed rate cut odds to 82.5%, sparking bullish momentum across altcoins.
- Open interest in major tokens surged to $44B, but analysts warn high leverage raises risks of liquidation cascades and volatility.
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