10x Research Says Bitcoin Bear Market May Be Over, With Early Movers Up 10%
10x Research assesses Bitcoin’s market cycle using derivatives data, focusing on potential divergences between open interest and funding rates. Such signals can reflect shifts in leveraged positions and trading sentiment, making its view that the bear market may be ending a potential reference point for investors seeking to identify a reversal and manage risk exposure.
A recent 10x Research report said Bitcoin may be in the early stages of a reversal and that investors who positioned early through a systematic process were already sitting on gains of about 10%. The report did not disclose its publication date, Bitcoin’s exact trading price or the amount invested, but stressed that a new bull market often begins when markets are quiet and the broader public has yet to enter.
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The history behind this event10x Research Says Bitcoin May Confirm Bear-Market Bottom in August
Bitcoin’s monthly close is emerging as a key test of whether the cryptocurrency’s latest downturn has run its course. 10x Research identifies $63,000 as more than a near-term resistance level, arguing that a sustained break above it could mark a technical bear-market bottom and improve the outlook for a bullish trend reversal. The threshold matters as investors weigh whether selling pressure has been exhausted.
In its latest analysis, 10x Research said Bitcoin could confirm a bear-market bottom if its August monthly close holds above $63,000, a result that would generate a bullish technical signal. The outlook remains vulnerable, however, to rising U.S. Treasury yields, changes in the Federal Reserve’s interest-rate path and additional selling pressure from some Bitcoin miners shifting resources toward artificial intelligence operations.
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