10x Research Questions the Sustainability of Bitcoin and Ethereum's Rebound

According to a recent report from 10x Research, the market is currently facing multiple challenges, including compressed volatility, seasonal fatigue, and a lack of macro drivers, which raises doubts about the sustainability of this rebound. Trump's recent push for cryptocurrency access in 401(k) accounts and increased focus on gold may alter market sentiment, but the current market reaction is relatively subdued. Meanwhile, Ethereum's record address activity and price increases are mainly driven by potential events rather than fundamental support. Both Bitcoin and Ethereum are at critical technical boundaries, and future volatility may accelerate or significantly stagnate.