$BTC #update

10x Research: Bitcoin's Price Surge Momentum Could Be Weakening, Traders Await New Catalyst

On May 6th: 10x Research put out a report indicating that in the previous month, Bitcoin has increased by 25% because of the continuous inflow of ETF funds and institutional spot buying pressure. However, some newly emerging signals, like the retracement of the Coinbase premium and weak funding rates, imply that the momentum of this upward trend may be waning. Although signs from the options skew suggest that Bitcoin still has some upward potential, macro-level pressure is on the rise: the Federal Reserve remains neutral (with an upcoming meeting), volatility is gradually increasing, and the uncertainty related to tariffs still persists. Currently, there are signs of potential consolidation around $95,000 in the market, and traders are waiting for new catalysts. This is not the moment for blind risk-taking but for strategically positioning with a clear risk exposure strategy