10xResearch
Actionable Market Insights. Make Smarter Decisions Faster – Subscribe and Access Expert Insights on Digital Assets and Financial Markets. www.10xResearch.com
2 Sledite
76.6K+ Sledilci
2.6K+ Všečkano
312 Deljeno
Objave
Vse
Citati
Videoposnetki
10x Weekly Crypto Kickoff – Is a Final Washout Still Ahead?
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Many traders are now asking what comes next, and as we review the latest data and positioning trends, it is worth revisiting the conclusion from last week’s report, which already outlined the framework for understanding the current market environment:
“Last week, we cautioned that Bitcoin’s break below $87,000 should be respected.
With Bitcoin down 12% over the past week and Ethereum down 17%, that call proved timely, allowing us to sidestep the bulk of the correction.
Bitcoin is now approaching our $73,000 support level, a zone that capped prices for nearly five months in 2024 before the post-election rally pushed the market decisively higher.
However, current flows suggest sentiment has shifted meaningfully. Stablecoin off-ramps and persistent ETF outflows indicate investors are not yet positioned to buy the dip.
Notably, Circle has seen nearly $10 billion in stablecoin redemptions, pointing to reduced participation from more regulated market participants.
While sentiment and technical indicators are approaching extreme levels, the broader downtrend remains intact.
In the absence of a clear catalyst, there is little urgency to step in.
Positioning dynamics suggest traders remain focused on deleveraging and position unwinds rather than on preparing for a typical snapback rally.”
So the above was from our report last week, and in our report below, we look at the latest data.
https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-is-a-final-washout-still-ahead
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Many traders are now asking what comes next, and as we review the latest data and positioning trends, it is worth revisiting the conclusion from last week’s report, which already outlined the framework for understanding the current market environment:
“Last week, we cautioned that Bitcoin’s break below $87,000 should be respected.
With Bitcoin down 12% over the past week and Ethereum down 17%, that call proved timely, allowing us to sidestep the bulk of the correction.
Bitcoin is now approaching our $73,000 support level, a zone that capped prices for nearly five months in 2024 before the post-election rally pushed the market decisively higher.
However, current flows suggest sentiment has shifted meaningfully. Stablecoin off-ramps and persistent ETF outflows indicate investors are not yet positioned to buy the dip.
Notably, Circle has seen nearly $10 billion in stablecoin redemptions, pointing to reduced participation from more regulated market participants.
While sentiment and technical indicators are approaching extreme levels, the broader downtrend remains intact.
In the absence of a clear catalyst, there is little urgency to step in.
Positioning dynamics suggest traders remain focused on deleveraging and position unwinds rather than on preparing for a typical snapback rally.”
So the above was from our report last week, and in our report below, we look at the latest data.
https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-is-a-final-washout-still-ahead
Crypto One Liners: What’s Driving the Market in a Minute CRYPTO CURRENCIES
OVERVIEW
Trading volumes during the crash were significantly lower than during the October selloff, indicating thinner liquidity and derivatives-driven activity rather than broad market participation.
Our tactical altcoin model has remained bearish since mid-January, with recent declines reinforcing the elevated risk environment as most altcoins remain structurally weak.
Our trend model remains bearish following Bitcoin’s break below $87,000, and any recovery below $91,000 is likely to remain a countertrend rally.
CRYPTO CURRENCIES
Bitcoin’s sharp decline was driven by ETF outflows, liquidations, and derivatives positioning, with a partial rebound emerging as market conditions stabilized.
Ethereum fell sharply due to institutional outflows, liquidations, and whale selling, highlighting continued structural weakness.
Solana declined amid forced liquidations and security concerns, which significantly weakened investor confidence.
Ripple strengthened its institutional positioning through infrastructure expansion and increased ecosystem utility despite broader market weakness.
BNB faced continued selling pressure driven by security concerns and heightened sensitivity to exchange-related risks.
And a lot more one liners for crypto currencies and crypto equities....
For full list of one liners: https://update.10xresearch.com/p/crypto-one-liners-what-s-driving-the-market-in-a-minute-february-8
OVERVIEW
Trading volumes during the crash were significantly lower than during the October selloff, indicating thinner liquidity and derivatives-driven activity rather than broad market participation.
Our tactical altcoin model has remained bearish since mid-January, with recent declines reinforcing the elevated risk environment as most altcoins remain structurally weak.
Our trend model remains bearish following Bitcoin’s break below $87,000, and any recovery below $91,000 is likely to remain a countertrend rally.
CRYPTO CURRENCIES
Bitcoin’s sharp decline was driven by ETF outflows, liquidations, and derivatives positioning, with a partial rebound emerging as market conditions stabilized.
Ethereum fell sharply due to institutional outflows, liquidations, and whale selling, highlighting continued structural weakness.
Solana declined amid forced liquidations and security concerns, which significantly weakened investor confidence.
Ripple strengthened its institutional positioning through infrastructure expansion and increased ecosystem utility despite broader market weakness.
BNB faced continued selling pressure driven by security concerns and heightened sensitivity to exchange-related risks.
And a lot more one liners for crypto currencies and crypto equities....
For full list of one liners: https://update.10xresearch.com/p/crypto-one-liners-what-s-driving-the-market-in-a-minute-february-8
Crypto Trends Chart Book: Understand What is Moving in the Market and Why.
In last week's report, we pointed out that Bitcoin was breaking the $83,965 support level and the drivers behind the weakness.
Let's look at the latest drivers.
Bitcoin (BTC-USD is below the 7-day moving average -> bearish, and is below the 30 day moving average -> bearish, with 1 week change of -11.6%) plunged toward $60,000 after heavy ETF outflows and macro uncertainty triggered risk-off selling and liquidity stress across crypto markets.
The selloff intensified as leveraged positions were liquidated and derivatives-related activity accelerated the decline, amplifying volatility and forcing rapid price moves.
The nomination of Kevin Warsh as Federal Reserve chair added pressure by raising expectations of tighter monetary policy and reducing investor appetite for risk assets.
Bitcoin rebounded sharply above $70,000 after global equities stabilized and oversold conditions attracted renewed buying.
Read our full report with 50+ crypto coins (see link below) https://signal.10xresearch.com/p/crypto-trends-chart-book-understand-what-is-moving-in-the-market-and-why-432b
In last week's report, we pointed out that Bitcoin was breaking the $83,965 support level and the drivers behind the weakness.
Let's look at the latest drivers.
Bitcoin (BTC-USD is below the 7-day moving average -> bearish, and is below the 30 day moving average -> bearish, with 1 week change of -11.6%) plunged toward $60,000 after heavy ETF outflows and macro uncertainty triggered risk-off selling and liquidity stress across crypto markets.
The selloff intensified as leveraged positions were liquidated and derivatives-related activity accelerated the decline, amplifying volatility and forcing rapid price moves.
The nomination of Kevin Warsh as Federal Reserve chair added pressure by raising expectations of tighter monetary policy and reducing investor appetite for risk assets.
Bitcoin rebounded sharply above $70,000 after global equities stabilized and oversold conditions attracted renewed buying.
Read our full report with 50+ crypto coins (see link below) https://signal.10xresearch.com/p/crypto-trends-chart-book-understand-what-is-moving-in-the-market-and-why-432b
Bitcoin Crashed on Options. Here’s Why That Changes Everything Going Forward
Bitcoin declined by 28% over the past week, marking one of the sharpest weekly corrections of the current cycle.
Despite total Bitcoin options notional declining by 48% since October 10, 2025, from $52 billion to $27 billion, trading activity remained exceptionally elevated, with Bitcoin options recording their third-most-active day on record.
In our Friday, February 6 report, we noted that “the $60,000–65,000 region represents the next area where prior consolidation and psychological support could slow downside momentum.
Within this framework, the decline from $125,000 to $62,000 can be interpreted as Wave A. While a consolidation phase or short countertrend rally (Wave B) is possible in the near term...”
Just thirty minutes later, Bitcoin bottomed around $60,000, with both the crash and the subsequent rebound largely driven by dynamics within the options market itself.
This underscores why understanding positioning, liquidity gaps, and shifts in implied volatility has become increasingly critical.
Derivatives activity is now exerting a dominant influence on price action, with a significant portion of Bitcoin ETF flows linked not to long-only investment demand, but to facilitating options market-making and volatility trading strategies.
In effect, derivatives positioning is increasingly driving spot price behavior, rather than simply responding to it.
This is a material change from prior liquidations, with some of the effects explained below.
Read our report: https://update.10xresearch.com/p/bitcoin-crashed-on-options-here-s-why-that-changes-everything-going-forward
Bitcoin declined by 28% over the past week, marking one of the sharpest weekly corrections of the current cycle.
Despite total Bitcoin options notional declining by 48% since October 10, 2025, from $52 billion to $27 billion, trading activity remained exceptionally elevated, with Bitcoin options recording their third-most-active day on record.
In our Friday, February 6 report, we noted that “the $60,000–65,000 region represents the next area where prior consolidation and psychological support could slow downside momentum.
Within this framework, the decline from $125,000 to $62,000 can be interpreted as Wave A. While a consolidation phase or short countertrend rally (Wave B) is possible in the near term...”
Just thirty minutes later, Bitcoin bottomed around $60,000, with both the crash and the subsequent rebound largely driven by dynamics within the options market itself.
This underscores why understanding positioning, liquidity gaps, and shifts in implied volatility has become increasingly critical.
Derivatives activity is now exerting a dominant influence on price action, with a significant portion of Bitcoin ETF flows linked not to long-only investment demand, but to facilitating options market-making and volatility trading strategies.
In effect, derivatives positioning is increasingly driving spot price behavior, rather than simply responding to it.
This is a material change from prior liquidations, with some of the effects explained below.
Read our report: https://update.10xresearch.com/p/bitcoin-crashed-on-options-here-s-why-that-changes-everything-going-forward
The Hidden Shift That Triggered Bitcoin’s Sudden Collapse
Bitcoin’s recent sell-off may have appeared sudden, but the underlying pressure had been building quietly for months.
As early as November, subtle shifts in exchange flows and institutional positioning signaled that key market participants were beginning to reduce exposure, even as prices appeared stable on the surface.
These early warning signs pointed to a fragile market structure that was increasingly vulnerable to external catalysts.
That catalyst arrived at the end of January, when a key policy development triggered a breakdown in price levels that had previously held firm.
What initially looked like a routine correction quickly accelerated, invalidating several technical support zones and reinforcing the view that the current phase is part of a larger, structured cycle rather than a random move lower.
Importantly, the timing and pattern of the selling reveal clues about who is driving the market, and why this phase may not yet be complete.
In our latest report, we break down the positioning dynamics, structural signals, and cycle framework that explain what is happening now, and what typically comes next. https://update.10xresearch.com/p/the-hidden-shift-that-triggered-bitcoin-s-sudden-collapse
Bitcoin’s recent sell-off may have appeared sudden, but the underlying pressure had been building quietly for months.
As early as November, subtle shifts in exchange flows and institutional positioning signaled that key market participants were beginning to reduce exposure, even as prices appeared stable on the surface.
These early warning signs pointed to a fragile market structure that was increasingly vulnerable to external catalysts.
That catalyst arrived at the end of January, when a key policy development triggered a breakdown in price levels that had previously held firm.
What initially looked like a routine correction quickly accelerated, invalidating several technical support zones and reinforcing the view that the current phase is part of a larger, structured cycle rather than a random move lower.
Importantly, the timing and pattern of the selling reveal clues about who is driving the market, and why this phase may not yet be complete.
In our latest report, we break down the positioning dynamics, structural signals, and cycle framework that explain what is happening now, and what typically comes next. https://update.10xresearch.com/p/the-hidden-shift-that-triggered-bitcoin-s-sudden-collapse
Bitcoin Cycle Low Level Identified — Our Elliott Wave Model Reveals the Exact Time & Zone
Bitcoin has now declined by approximately $50,000 from the level at which we first warned that the market was transitioning into a bear phase (October 22, 2025, here) and that the “ice wall” was breaking (October 30, 2025, see our website).
We also published a YouTube video outlining the key indicators we were monitoring, all of which clearly indicated the onset of a bear market (see link in bio).
This is precisely where monitoring trends on our dashboard, available to Trading Signals subscribers, has proven invaluable, as it has provided clear, real-time confirmation of when and where Bitcoin and other cryptocurrencies transitioned into sustained bearish downtrends.
While no framework is flawless, our process has successfully identified the cycle low, the subsequent top, and numerous key inflection points in between, underscoring the robustness and reliability of the signals we continue to monitor.
Historically, Bitcoin rarely declines in a straight line, and intermittent relief rallies are common.
However, when belief systems shift and dominant narratives begin to unravel, corrections tend to be swift and disorderly.
As we highlighted at the time, a key vulnerability was extreme overpositioning, which increases the risk that widely watched technical support levels fail to hold as forced liquidations accelerate.
One of the clearest signals was the persistent discount at which Bitcoin traded on Coinbase, indicating sustained selling pressure from US institutional investors.
By our estimates, this institutional overexposure amounted to roughly $30 billion (here), a meaningful imbalance that materially amplified downside risk.
In a detailed analysis sent to more asset-allocation-focused Trading Strategy subscribers, we also examined Bitcoin’s Elliott Wave structure across both the prior and most recent bull cycles.
As one of our Trading Strategy subscribers, who exited near the cycle top after we turned bearish at $112,000–$113,000, recently noted: “Trading Strategy provides a level of confidence in decision-making that is essential for executing with conviction, exactly what hedge fund managers need.”
The last two Bitcoin bull markets exhibited remarkably clean technical formations not only during the advance but also throughout the subsequent decline.
This framework provides a valuable roadmap for identifying where the final phase of the correction may unfold and where a durable cycle low is most likely to form.
See January 26 report which warned about the break of the $87,000 level.
Based on our extensive elliot wave analysis, we have identified the exact time and zone when Bitcoin is likely bottoming out.
If this is correct, it could have major implications for those catching the next bull run. Full report: https://update.10xresearch.com/p/bitcoin-cycle-low-level-identified-our-elliott-wave-model-reveals-the-exact-time-zone
We also published a YouTube video outlining the key indicators we were monitoring, all of which clearly indicated the onset of a bear market (see link in bio).
This is precisely where monitoring trends on our dashboard, available to Trading Signals subscribers, has proven invaluable, as it has provided clear, real-time confirmation of when and where Bitcoin and other cryptocurrencies transitioned into sustained bearish downtrends.
While no framework is flawless, our process has successfully identified the cycle low, the subsequent top, and numerous key inflection points in between, underscoring the robustness and reliability of the signals we continue to monitor.
Historically, Bitcoin rarely declines in a straight line, and intermittent relief rallies are common.
However, when belief systems shift and dominant narratives begin to unravel, corrections tend to be swift and disorderly.
As we highlighted at the time, a key vulnerability was extreme overpositioning, which increases the risk that widely watched technical support levels fail to hold as forced liquidations accelerate.
One of the clearest signals was the persistent discount at which Bitcoin traded on Coinbase, indicating sustained selling pressure from US institutional investors.
By our estimates, this institutional overexposure amounted to roughly $30 billion (here), a meaningful imbalance that materially amplified downside risk.
In a detailed analysis sent to more asset-allocation-focused Trading Strategy subscribers, we also examined Bitcoin’s Elliott Wave structure across both the prior and most recent bull cycles.
As one of our Trading Strategy subscribers, who exited near the cycle top after we turned bearish at $112,000–$113,000, recently noted: “Trading Strategy provides a level of confidence in decision-making that is essential for executing with conviction, exactly what hedge fund managers need.”
The last two Bitcoin bull markets exhibited remarkably clean technical formations not only during the advance but also throughout the subsequent decline.
This framework provides a valuable roadmap for identifying where the final phase of the correction may unfold and where a durable cycle low is most likely to form.
See January 26 report which warned about the break of the $87,000 level.
Based on our extensive elliot wave analysis, we have identified the exact time and zone when Bitcoin is likely bottoming out.
If this is correct, it could have major implications for those catching the next bull run. Full report: https://update.10xresearch.com/p/bitcoin-cycle-low-level-identified-our-elliott-wave-model-reveals-the-exact-time-zone
Bitcoin’s $30+ Billion Overhang: Where the Cycle Low Likely Forms
Shortly after the Bahamas FTX conference in early 2022, I presented a scenario arguing that, if Bitcoin followed prior cycle dynamics, prices could decline from around $40,000 to below $20,000, with a potential bottom forming by October 2022.
I was mentally prepared for the correction despite prevailing optimism at the time, particularly as key industry players such as FTX and Binance appeared to have virtually unlimited capital to acquire distressed competitors and to backstop the market.
While extrapolating from only a handful of historical cycles is not statistically robust, Bitcoin has repeatedly shown that cycle analysis, despite its simplicity, can be an effective way to step back and understand how market psychology evolves through distinct phases.
Each cycle introduces new narratives and promoters, often successfully attracting billions and, in this cycle, tens of billions of dollars in capital for single investments.
Ironically, it is the subsequent reassessment of these allocations by investors, and the unwinding of the capital raised, that is now exerting downward pressure on Bitcoin.
This dynamic closely resembles the forced liquidations of the summer of 2022.
At current levels, the $3.5 billion in paper losses facing MicroStrategy mirrors the scale of the collapse of Three Arrows Capital.
Meanwhile, Bitmine’s staggering $8 billion paper loss draws a sobering (financial) parallel to the losses sustained by FTX users.
While the magnitude of these drawdowns echoes that of the 2022 bear market, history suggests that this cycle will eventually find its floor.
Below, we outline the expected timing of Bitcoin's next cycle low and the price levels likely to accompany it.
See when and where we expect the cycle low (https://update.10xresearch.com/p/bitcoin-s-30-billion-overhang-where-the-cycle-low-likely-forms
) as also outlined in our December 19, 2025 report "Trading the Reset: Bitcoin’s Path Through the 2026 Cycle Low" https://update.10xresearch.com/p/trading-the-reset-bitcoin-s-path-through-the-2026-cycle-low"
I was mentally prepared for the correction despite prevailing optimism at the time, particularly as key industry players such as FTX and Binance appeared to have virtually unlimited capital to acquire distressed competitors and to backstop the market.
While extrapolating from only a handful of historical cycles is not statistically robust, Bitcoin has repeatedly shown that cycle analysis, despite its simplicity, can be an effective way to step back and understand how market psychology evolves through distinct phases.
Each cycle introduces new narratives and promoters, often successfully attracting billions and, in this cycle, tens of billions of dollars in capital for single investments.
Ironically, it is the subsequent reassessment of these allocations by investors, and the unwinding of the capital raised, that is now exerting downward pressure on Bitcoin.
This dynamic closely resembles the forced liquidations of the summer of 2022.
At current levels, the $3.5 billion in paper losses facing MicroStrategy mirrors the scale of the collapse of Three Arrows Capital.
Meanwhile, Bitmine’s staggering $8 billion paper loss draws a sobering (financial) parallel to the losses sustained by FTX users.
While the magnitude of these drawdowns echoes that of the 2022 bear market, history suggests that this cycle will eventually find its floor.
Below, we outline the expected timing of Bitcoin's next cycle low and the price levels likely to accompany it.
See when and where we expect the cycle low (https://update.10xresearch.com/p/bitcoin-s-30-billion-overhang-where-the-cycle-low-likely-forms
) as also outlined in our December 19, 2025 report "Trading the Reset: Bitcoin’s Path Through the 2026 Cycle Low" https://update.10xresearch.com/p/trading-the-reset-bitcoin-s-path-through-the-2026-cycle-low"
Is the AI / data-center premium for Galaxy Digital actually justified, or already fading? After earnings, Galaxy Digital fell -17%, followed by another -8% the next day.
Is this a buy-the-dip opportunity, or are the shares still overvalued versus peers?
1/ Yesterday, we flagged which crypto stocks investors are rewarding… and which they’re quietly walking away from.
Galaxy sits right in the middle.
2/ Galaxy’s problem isn’t vision, it’s predictability.
Quarterly earnings remain heavily driven by treasury exposure and market volatility, not recurring operating cash flows.
That’s a negative in an environment where investors demand clarity.
3/ The market initially loved the AI/data-center expansion narrative.
It helped justify a valuation premium versus other crypto financials.
But that premium assumes a clean, fast pivot — and execution risk here is high.
4/ History matters.
Mike Novogratz has successfully reinvented himself before:
Sell-side → Buy-side → Crypto.
Another hard pivot is possible, but it’s not guaranteed.
5/ The latest earnings were a wake-up call.
Galaxy reported roughly $400M in losses, reminding investors how exposed results still are to market swings.
AI optionality doesn’t erase earnings volatility overnight.
6/ The stock reaction says it all.
As investors began discounting the AI/data-center valuation, the premium compressed, fast.
The market is no longer paying upfront for potential pivots.
7/ Could Galaxy eventually pivot away from crypto entirely and lean into digital infrastructure?
It’s not impossible.
But until that transition delivers predictable earnings, the stock remains stuck between narratives.
8/ Bottom line:
Galaxy isn’t broken, but it’s not the cleanest AI or crypto equity either.
There are other crypto-adjacent stocks with clearer positioning, stronger operating leverage..
That’s where investors are increasingly looking as we explain in our report: https://update.10xresearch.com/p/galaxy-digital-loses-hundreds-of-millions-is-the-17-sell-off-justified-or-a-buying-opportunity
Is this a buy-the-dip opportunity, or are the shares still overvalued versus peers?
1/ Yesterday, we flagged which crypto stocks investors are rewarding… and which they’re quietly walking away from.
Galaxy sits right in the middle.
2/ Galaxy’s problem isn’t vision, it’s predictability.
Quarterly earnings remain heavily driven by treasury exposure and market volatility, not recurring operating cash flows.
That’s a negative in an environment where investors demand clarity.
3/ The market initially loved the AI/data-center expansion narrative.
It helped justify a valuation premium versus other crypto financials.
But that premium assumes a clean, fast pivot — and execution risk here is high.
4/ History matters.
Mike Novogratz has successfully reinvented himself before:
Sell-side → Buy-side → Crypto.
Another hard pivot is possible, but it’s not guaranteed.
5/ The latest earnings were a wake-up call.
Galaxy reported roughly $400M in losses, reminding investors how exposed results still are to market swings.
AI optionality doesn’t erase earnings volatility overnight.
6/ The stock reaction says it all.
As investors began discounting the AI/data-center valuation, the premium compressed, fast.
The market is no longer paying upfront for potential pivots.
7/ Could Galaxy eventually pivot away from crypto entirely and lean into digital infrastructure?
It’s not impossible.
But until that transition delivers predictable earnings, the stock remains stuck between narratives.
8/ Bottom line:
Galaxy isn’t broken, but it’s not the cleanest AI or crypto equity either.
There are other crypto-adjacent stocks with clearer positioning, stronger operating leverage..
That’s where investors are increasingly looking as we explain in our report: https://update.10xresearch.com/p/galaxy-digital-loses-hundreds-of-millions-is-the-17-sell-off-justified-or-a-buying-opportunity
Galaxy Digital Loses Hundreds of Millions — Is the 17% Sell-Off Justified or a Buying Opportunity?
Galaxy Digital just released its Q4 2025 earnings, and the results highlight a broader, telling shift across the crypto equity landscape.
Despite its status as an industry bellwether, Galaxy has generated little sustained alpha.
While the market began pricing in a valuation premium around October 2025, the key question now is whether that premium persists, compresses, or expands.
The answer carries meaningful implications for the stock; investors signaled their skepticism by selling shares down 17%.
More broadly, Galaxy’s earnings call underscores a growing divergence between winners and losers within crypto equities.
This is no longer a single-beta trade.
We have a clear view of which side of that divide Galaxy sits, and whether the recent sell-off marks the start of a deeper downtrend or a mispricing that the market may ultimately correct.
Subscribe and read our full report: https://update.10xresearch.com/p/galaxy-digital-loses-hundreds-of-millions-is-the-17-sell-off-justified-or-a-buying-opportunity
Galaxy Digital just released its Q4 2025 earnings, and the results highlight a broader, telling shift across the crypto equity landscape.
Despite its status as an industry bellwether, Galaxy has generated little sustained alpha.
While the market began pricing in a valuation premium around October 2025, the key question now is whether that premium persists, compresses, or expands.
The answer carries meaningful implications for the stock; investors signaled their skepticism by selling shares down 17%.
More broadly, Galaxy’s earnings call underscores a growing divergence between winners and losers within crypto equities.
This is no longer a single-beta trade.
We have a clear view of which side of that divide Galaxy sits, and whether the recent sell-off marks the start of a deeper downtrend or a mispricing that the market may ultimately correct.
Subscribe and read our full report: https://update.10xresearch.com/p/galaxy-digital-loses-hundreds-of-millions-is-the-17-sell-off-justified-or-a-buying-opportunity
Is the Gold, Silver, and Bitcoin Repricing Finally Over? Here’s What Traders MUST Focus on Next
Markets don’t usually give clean second chances, but when they do, they rarely announce them loudly.
Over the past 72 hours, gold, silver, and Bitcoin were hit by a rare combination of insider-driven repricing, macro shock, and forced liquidation, pushing them sharply lower.
Panic peaked during Asian hours.
Headlines turned uniformly bearish. Protection became expensive.
And then something changed.
For our Trading Signals subscribers, this was not a surprise.
Shortly before the intraday low, we flagged that crash protection was overpriced as Bitcoin approached strong support and outlined a tactical positioning approach for a rebound.
This report explains why that setup emerged, what shifted under the surface, and how to think about the next move, before the market consensus catches up.
If you’re relying on headlines or waiting for confirmation, you’re likely already late.
This is the phase when risk-reward quietly shifts, volatility compresses, and disciplined positioning matters most, as we explain below.
This is our MUST-READ report for every trader interested in Gold, Silver, or Bitcoin: https://update.10xresearch.com/p/is-the-gold-silver-and-bitcoin-repricing-finally-over-here-s-what-traders-must-focus-on-next
Markets don’t usually give clean second chances, but when they do, they rarely announce them loudly.
Over the past 72 hours, gold, silver, and Bitcoin were hit by a rare combination of insider-driven repricing, macro shock, and forced liquidation, pushing them sharply lower.
Panic peaked during Asian hours.
Headlines turned uniformly bearish. Protection became expensive.
And then something changed.
For our Trading Signals subscribers, this was not a surprise.
Shortly before the intraday low, we flagged that crash protection was overpriced as Bitcoin approached strong support and outlined a tactical positioning approach for a rebound.
This report explains why that setup emerged, what shifted under the surface, and how to think about the next move, before the market consensus catches up.
If you’re relying on headlines or waiting for confirmation, you’re likely already late.
This is the phase when risk-reward quietly shifts, volatility compresses, and disciplined positioning matters most, as we explain below.
This is our MUST-READ report for every trader interested in Gold, Silver, or Bitcoin: https://update.10xresearch.com/p/is-the-gold-silver-and-bitcoin-repricing-finally-over-here-s-what-traders-must-focus-on-next
10x Derivatives Edge - BTC and ETH - Options Analysis + Trade Ideas -> When Fear Is Priced, Not Direction
Volatility across crypto has repriced sharply, yet implied and realized volatility are now nearly identical in both Bitcoin and Ethereum.
That means the old playbook, buying or selling volatility outright, no longer pays. The edge has quietly moved to skew, term structure, and relative-value trades.
What’s striking is where fear is being priced.
Downside protection is getting aggressively bid, especially in Ethereum, while historical patterns show these extremes consistently mean-revert.
This is not panic, it’s over-hedging, and it creates opportunity for those who know how to structure around it.
Our latest options report breaks down:
why selling volatility outright no longer works,
where downside protection is too expensive, and
how professionals are positioning to monetize fear without needing a directional call.
If you’re still trading crypto like it’s 2021, you’re already late.
Subscribers are trading how others hedge, not reacting to headlines.
👉 Read the full options report and access the trade setups.
https://signal.10xresearch.com/p/10x-derivatives-edge-btc-and-eth-options-analysis-trade-ideas-when-fear-is-priced-not-direction
Volatility across crypto has repriced sharply, yet implied and realized volatility are now nearly identical in both Bitcoin and Ethereum.
That means the old playbook, buying or selling volatility outright, no longer pays. The edge has quietly moved to skew, term structure, and relative-value trades.
What’s striking is where fear is being priced.
Downside protection is getting aggressively bid, especially in Ethereum, while historical patterns show these extremes consistently mean-revert.
This is not panic, it’s over-hedging, and it creates opportunity for those who know how to structure around it.
Our latest options report breaks down:
why selling volatility outright no longer works,
where downside protection is too expensive, and
how professionals are positioning to monetize fear without needing a directional call.
If you’re still trading crypto like it’s 2021, you’re already late.
Subscribers are trading how others hedge, not reacting to headlines.
👉 Read the full options report and access the trade setups.
https://signal.10xresearch.com/p/10x-derivatives-edge-btc-and-eth-options-analysis-trade-ideas-when-fear-is-priced-not-direction
https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-crypto-markets-decline-by-39-or-1-7-trillion
10x Weekly Crypto Kickoff – Crypto Markets decline by -39% or $1.7 trillion
The Week Ahead in Crypto Markets
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Last week’s Kickoff report (here) flagged that Bitcoin and the broader crypto market were breaking down.
Since then, Bitcoin and Ethereum are down 12% and 17%, and subscribers who acted on this view were able to avoid a meaningful drawdown.
This is why watching price alone is not enough. The real edge comes from flows, positioning, and market-structure data, signals that reveal what traders are actually doing before the move shows up in headlines. That’s how risk is identified early, not after the damage is done.
Bitcoin is now approaching critical levels. Whether this becomes a high-probability dip-buying opportunity, or another leg lower, will be decided by the same data most investors are not tracking.
Subscribers already have that framework. If you’re relying on price action alone, you’re reacting—while others are positioning.
👉 Read the full report to stay ahead of the next move (link below).
The Week Ahead in Crypto Markets
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Last week’s Kickoff report (here) flagged that Bitcoin and the broader crypto market were breaking down.
Since then, Bitcoin and Ethereum are down 12% and 17%, and subscribers who acted on this view were able to avoid a meaningful drawdown.
This is why watching price alone is not enough. The real edge comes from flows, positioning, and market-structure data, signals that reveal what traders are actually doing before the move shows up in headlines. That’s how risk is identified early, not after the damage is done.
Bitcoin is now approaching critical levels. Whether this becomes a high-probability dip-buying opportunity, or another leg lower, will be decided by the same data most investors are not tracking.
Subscribers already have that framework. If you’re relying on price action alone, you’re reacting—while others are positioning.
👉 Read the full report to stay ahead of the next move (link below).
10x Weekly Crypto Kickoff – Crypto Markets decline by -39% or $1.7 trillion
The Week Ahead in Crypto Markets
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Last week’s Kickoff report (here) flagged that Bitcoin and the broader crypto market were breaking down.
Since then, Bitcoin and Ethereum are down 12% and 17%, and subscribers who acted on this view were able to avoid a meaningful drawdown.
This is why watching price alone is not enough. The real edge comes from flows, positioning, and market-structure data, signals that reveal what traders are actually doing before the move shows up in headlines. That’s how risk is identified early, not after the damage is done.
Bitcoin is now approaching critical levels. Whether this becomes a high-probability dip-buying opportunity, or another leg lower, will be decided by the same data most investors are not tracking.
Subscribers already have that framework. If you’re relying on price action alone, you’re reacting—while others are positioning.
👉 Read the full report to stay ahead of the next move (link below).
The Week Ahead in Crypto Markets
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Last week’s Kickoff report (here) flagged that Bitcoin and the broader crypto market were breaking down.
Since then, Bitcoin and Ethereum are down 12% and 17%, and subscribers who acted on this view were able to avoid a meaningful drawdown.
This is why watching price alone is not enough. The real edge comes from flows, positioning, and market-structure data, signals that reveal what traders are actually doing before the move shows up in headlines. That’s how risk is identified early, not after the damage is done.
Bitcoin is now approaching critical levels. Whether this becomes a high-probability dip-buying opportunity, or another leg lower, will be decided by the same data most investors are not tracking.
Subscribers already have that framework. If you’re relying on price action alone, you’re reacting—while others are positioning.
👉 Read the full report to stay ahead of the next move (link below).
The Crypto Warsh Washout Continues: How Far Can Bitcoin Fall?
Bitcoin has now retraced all the gains recorded since the self-proclaimed “Crypto President” Donald Trump was elected on November 5, 2024.
More strikingly, despite purchasing $30.7 billion of Bitcoin since that election, MicroStrategy’s average acquisition price of roughly $76,000 is now underwater.
In total, the company has accumulated $49.6 billion of Bitcoin since August 2020, yet currently has no unrealized profit to show for an asset long marketed as one that “only goes up.”
The losses extend beyond Bitcoin. Bitmine shareholders are holding approximately $6.6 billion in unrealized losses after the firm acquired $15.4 billion in Ethereum at an average price of $3,949, with ETH now trading roughly 40% lower.
Investors who relied on Wall Street narratives and promotional optimism, rather than market structure, on-chain signals, and technical regimes, are now absorbing losses measured in the (hundreds of) billions.
In our report published one week ago (here), we flagged that Bitcoin’s trend models had turned bearish.
Ahead of the official nomination of Kevin Warsh, we also warned that his policy stance would likely be negative for Bitcoin, building on an earlier report from December 13, 2025 (here), which examined his track record and its potential implications for digital assets.
Our Friday Market Update reinforced this view (here), advising traders to remain defensively positioned amid deteriorating market structure, weakening on-chain indicators, and bearish technical signals.
Consistent with that framework, we published an additional report on Friday (here) highlighting that key technical support levels were breaking down. Since then, Bitcoin and Ethereum have fallen a further 10% and 15%, respectively.
While we correctly identified the Bitcoin bottom on October 28, 2022 (here), well before the data formally turned, we have once again refined our framework and sharpened our positioning for this cycle, and we will identify the next inflection point when conditions align.
But what does a true worst-case downside scenario for Bitcoin look like?
The data offer a useful framework.
Full report: https://update.10xresearch.com/p/the-crypto-warsh-washout-continues-how-far-can-bitcoin-fall
More strikingly, despite purchasing $30.7 billion of Bitcoin since that election, MicroStrategy’s average acquisition price of roughly $76,000 is now underwater.
In total, the company has accumulated $49.6 billion of Bitcoin since August 2020, yet currently has no unrealized profit to show for an asset long marketed as one that “only goes up.”
The losses extend beyond Bitcoin. Bitmine shareholders are holding approximately $6.6 billion in unrealized losses after the firm acquired $15.4 billion in Ethereum at an average price of $3,949, with ETH now trading roughly 40% lower.
Investors who relied on Wall Street narratives and promotional optimism, rather than market structure, on-chain signals, and technical regimes, are now absorbing losses measured in the (hundreds of) billions.
In our report published one week ago (here), we flagged that Bitcoin’s trend models had turned bearish.
Ahead of the official nomination of Kevin Warsh, we also warned that his policy stance would likely be negative for Bitcoin, building on an earlier report from December 13, 2025 (here), which examined his track record and its potential implications for digital assets.
Our Friday Market Update reinforced this view (here), advising traders to remain defensively positioned amid deteriorating market structure, weakening on-chain indicators, and bearish technical signals.
Consistent with that framework, we published an additional report on Friday (here) highlighting that key technical support levels were breaking down. Since then, Bitcoin and Ethereum have fallen a further 10% and 15%, respectively.
While we correctly identified the Bitcoin bottom on October 28, 2022 (here), well before the data formally turned, we have once again refined our framework and sharpened our positioning for this cycle, and we will identify the next inflection point when conditions align.
But what does a true worst-case downside scenario for Bitcoin look like?
The data offer a useful framework.
Full report: https://update.10xresearch.com/p/the-crypto-warsh-washout-continues-how-far-can-bitcoin-fall
https://update.10xresearch.com/p/what-a-kevin-warsh-fed-means-for-bitcoin
What a Kevin Warsh Fed Means for Bitcoin
Actionable Market Insights
President Trump is expected to announce his nomination for Federal Reserve Chair within the next few hours, with the probability of Kevin Warsh being named now approaching 95%.
In our December 13 report, “Early, Hawkish, and Often Wrong: Why Kevin Warsh’s Economic Worldview Matters for Markets and Bitcoin,” we outlined what a Warsh nomination would mean for Bitcoin.
Below, we walk through how long-term Bitcoin holder behavior has shifted, what whales are doing, why stablecoins have seen a pronounced off-ramp since December, and how these developments tie not only to the December Fed meeting but also to the likely nomination of Kevin Warsh, an outcome that may have been an open secret within the White House inner circle for the past six to seven weeks.
Importantly, while many have pointed to Binance as the driver of Bitcoin’s sell-off over the past three months, the data suggest a more credible explanation, one with far more significant implications for Bitcoin and the broader crypto market going forward.
See the link to the report in the comments section - leave a comment....
Actionable Market Insights
President Trump is expected to announce his nomination for Federal Reserve Chair within the next few hours, with the probability of Kevin Warsh being named now approaching 95%.
In our December 13 report, “Early, Hawkish, and Often Wrong: Why Kevin Warsh’s Economic Worldview Matters for Markets and Bitcoin,” we outlined what a Warsh nomination would mean for Bitcoin.
Below, we walk through how long-term Bitcoin holder behavior has shifted, what whales are doing, why stablecoins have seen a pronounced off-ramp since December, and how these developments tie not only to the December Fed meeting but also to the likely nomination of Kevin Warsh, an outcome that may have been an open secret within the White House inner circle for the past six to seven weeks.
Importantly, while many have pointed to Binance as the driver of Bitcoin’s sell-off over the past three months, the data suggest a more credible explanation, one with far more significant implications for Bitcoin and the broader crypto market going forward.
See the link to the report in the comments section - leave a comment....
What a Kevin Warsh Fed Means for Bitcoin
Actionable Market Insights
President Trump is expected to announce his nomination for Federal Reserve Chair within the next few hours, with the probability of Kevin Warsh being named now approaching 95%.
In our December 13 report, “Early, Hawkish, and Often Wrong: Why Kevin Warsh’s Economic Worldview Matters for Markets and Bitcoin,” we outlined what a Warsh nomination would mean for Bitcoin.
Below, we walk through how long-term Bitcoin holder behavior has shifted, what whales are doing, why stablecoins have seen a pronounced off-ramp since December, and how these developments tie not only to the December Fed meeting but also to the likely nomination of Kevin Warsh, an outcome that may have been an open secret within the White House inner circle for the past six to seven weeks.
Importantly, while many have pointed to Binance as the driver of Bitcoin’s sell-off over the past three months, the data suggest a more credible explanation, one with far more significant implications for Bitcoin and the broader crypto market going forward.
See the link to the report in the comments section - leave a comment....
Actionable Market Insights
President Trump is expected to announce his nomination for Federal Reserve Chair within the next few hours, with the probability of Kevin Warsh being named now approaching 95%.
In our December 13 report, “Early, Hawkish, and Often Wrong: Why Kevin Warsh’s Economic Worldview Matters for Markets and Bitcoin,” we outlined what a Warsh nomination would mean for Bitcoin.
Below, we walk through how long-term Bitcoin holder behavior has shifted, what whales are doing, why stablecoins have seen a pronounced off-ramp since December, and how these developments tie not only to the December Fed meeting but also to the likely nomination of Kevin Warsh, an outcome that may have been an open secret within the White House inner circle for the past six to seven weeks.
Importantly, while many have pointed to Binance as the driver of Bitcoin’s sell-off over the past three months, the data suggest a more credible explanation, one with far more significant implications for Bitcoin and the broader crypto market going forward.
See the link to the report in the comments section - leave a comment....
Crypto One Liners: What’s Driving the Market in a Minute
CRYPTO CURRENCIES
Ethena (ENA): Mixed signals from token unlocks, buybacks, and stablecoin partnerships are driving volatile but resilient price action.
Pudgy Penguins (PENGU): Brand expansion, retail partnerships, and rising cultural mindshare continue to fuel speculative interest.
World Liberty Finance (WLFI): Regulatory ambitions and treasury optimization have strengthened WLFI’s institutional credibility and valuation narrative.
Sui (SUI): High-profile partnerships, buybacks, and ecosystem expansion have positioned Sui as a leading Asia-focused Layer-1.
Raydium (RAY): Exchange-listing momentum and record Solana DEX volumes have elevated Raydium’s institutional visibility.
Monero (XMR): Renewed privacy focus and upcoming protocol upgrades have reignited demand despite looming regulatory risks.
Stacks (STX): Confidence in Bitcoin-native yield infrastructure and growing TVL continue to support Stacks’ long-term thesis.
Hyperliquid (HYPE): Venture accumulation and interoperability progress offset near-term supply pressure from scheduled token unlocks.
Zcash (ZEC): Governance turmoil and developer exits have materially weakened confidence despite ongoing protocol innovation.
Render (RENDER): Surging demand for decentralized AI compute and ecosystem upgrades are driving outsized interest in Render.
Virtuals (VIRTUAL): AI-agent commercialization, major partnerships, and exchange listings have propelled strong speculative inflows.
Bittensor (TAO): Institutional access via Grayscale and emission reductions have reinforced Bittensor’s position as a core AI infrastructure asset.
For full list of one liners (crypto currencies, crypto stocks, etc): https://update.10xresearch.com/p/crypto-one-liners-what-s-driving-the-market-in-a-minute-january-11
CRYPTO CURRENCIES
Ethena (ENA): Mixed signals from token unlocks, buybacks, and stablecoin partnerships are driving volatile but resilient price action.
Pudgy Penguins (PENGU): Brand expansion, retail partnerships, and rising cultural mindshare continue to fuel speculative interest.
World Liberty Finance (WLFI): Regulatory ambitions and treasury optimization have strengthened WLFI’s institutional credibility and valuation narrative.
Sui (SUI): High-profile partnerships, buybacks, and ecosystem expansion have positioned Sui as a leading Asia-focused Layer-1.
Raydium (RAY): Exchange-listing momentum and record Solana DEX volumes have elevated Raydium’s institutional visibility.
Monero (XMR): Renewed privacy focus and upcoming protocol upgrades have reignited demand despite looming regulatory risks.
Stacks (STX): Confidence in Bitcoin-native yield infrastructure and growing TVL continue to support Stacks’ long-term thesis.
Hyperliquid (HYPE): Venture accumulation and interoperability progress offset near-term supply pressure from scheduled token unlocks.
Zcash (ZEC): Governance turmoil and developer exits have materially weakened confidence despite ongoing protocol innovation.
Render (RENDER): Surging demand for decentralized AI compute and ecosystem upgrades are driving outsized interest in Render.
Virtuals (VIRTUAL): AI-agent commercialization, major partnerships, and exchange listings have propelled strong speculative inflows.
Bittensor (TAO): Institutional access via Grayscale and emission reductions have reinforced Bittensor’s position as a core AI infrastructure asset.
For full list of one liners (crypto currencies, crypto stocks, etc): https://update.10xresearch.com/p/crypto-one-liners-what-s-driving-the-market-in-a-minute-january-11
https://update.10xresearch.com/p/how-we-trade-it-winners-losers-and-scenario-analysis-for-this-week-s-digital-asset-market-structure-
How we trade it: Winners, Losers, and Scenario Analysis for This Week’s Digital Asset Market Structure Bill.
This week’s U.S. Senate markups on crypto market structure create multiple high-impact scenarios, each with very different outcomes for Bitcoin, altcoins, exchanges, stablecoins, and DeFi.
Our latest report maps out who wins, who loses, and why, using probability-weighted scenario analysis rather than headlines.
The difference between a bipartisan breakthrough, a purely partisan push, or a last-minute “poison pill” amendment could mean BTC at XXX, with sharp rotations across SOL, ETH, XRP, DeFi tokens, and crypto equities.
While spot prices remain range-bound, smart money is already positioning, and missing the positioning signals could leave traders badly wrong-footed.
👉 Read the full report to understand the scenarios, the probabilities, and the assets most exposed, before the market forces a repricing. Link below in the comments section.
This week’s U.S. Senate markups on crypto market structure create multiple high-impact scenarios, each with very different outcomes for Bitcoin, altcoins, exchanges, stablecoins, and DeFi.
Our latest report maps out who wins, who loses, and why, using probability-weighted scenario analysis rather than headlines.
The difference between a bipartisan breakthrough, a purely partisan push, or a last-minute “poison pill” amendment could mean BTC at XXX, with sharp rotations across SOL, ETH, XRP, DeFi tokens, and crypto equities.
While spot prices remain range-bound, smart money is already positioning, and missing the positioning signals could leave traders badly wrong-footed.
👉 Read the full report to understand the scenarios, the probabilities, and the assets most exposed, before the market forces a repricing. Link below in the comments section.
How we trade it: Winners, Losers, and Scenario Analysis for This Week’s Digital Asset Market Structure Bill.
This week’s U.S. Senate markups on crypto market structure create multiple high-impact scenarios, each with very different outcomes for Bitcoin, altcoins, exchanges, stablecoins, and DeFi.
Our latest report maps out who wins, who loses, and why, using probability-weighted scenario analysis rather than headlines.
The difference between a bipartisan breakthrough, a purely partisan push, or a last-minute “poison pill” amendment could mean BTC at XXX, with sharp rotations across SOL, ETH, XRP, DeFi tokens, and crypto equities.
While spot prices remain range-bound, smart money is already positioning, and missing the positioning signals could leave traders badly wrong-footed.
👉 Read the full report to understand the scenarios, the probabilities, and the assets most exposed, before the market forces a repricing. Link below in the comments section.
This week’s U.S. Senate markups on crypto market structure create multiple high-impact scenarios, each with very different outcomes for Bitcoin, altcoins, exchanges, stablecoins, and DeFi.
Our latest report maps out who wins, who loses, and why, using probability-weighted scenario analysis rather than headlines.
The difference between a bipartisan breakthrough, a purely partisan push, or a last-minute “poison pill” amendment could mean BTC at XXX, with sharp rotations across SOL, ETH, XRP, DeFi tokens, and crypto equities.
While spot prices remain range-bound, smart money is already positioning, and missing the positioning signals could leave traders badly wrong-footed.
👉 Read the full report to understand the scenarios, the probabilities, and the assets most exposed, before the market forces a repricing. Link below in the comments section.
https://update.10xresearch.com/p/10x-weekly-crypto-kickoff-calm-markets-fragile-positioning-ahead-of-key-catalysts
10x Weekly Crypto Kickoff – Calm Markets, Fragile Positioning Ahead of Key Catalysts
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Crypto markets look calm, but positioning beneath the surface is anything but.
This week brings a dense cluster of high-impact catalysts, spanning macro data, regulation, and major protocol upgrades, at a time when liquidity is thinning and conviction is fragile. While spot prices suggest stability, derivatives, funding, volatility, and flows tell a very different story.
This is typically when experienced traders reposition quietly, using compressed volatility and complacent markets to adjust risk ahead of potential regime shifts. Missing these signals can be costly, especially when positioning, not headlines, drives the next move.
Our latest 10x Weekly Crypto Kickoff breaks down how traders are positioned, where exposure is being added or unwound, and what the market is implicitly pricing in for the week ahead.
👉 Read the full report to be prepared, not reactive. Link to report below in comments section or in bio.
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Crypto markets look calm, but positioning beneath the surface is anything but.
This week brings a dense cluster of high-impact catalysts, spanning macro data, regulation, and major protocol upgrades, at a time when liquidity is thinning and conviction is fragile. While spot prices suggest stability, derivatives, funding, volatility, and flows tell a very different story.
This is typically when experienced traders reposition quietly, using compressed volatility and complacent markets to adjust risk ahead of potential regime shifts. Missing these signals can be costly, especially when positioning, not headlines, drives the next move.
Our latest 10x Weekly Crypto Kickoff breaks down how traders are positioned, where exposure is being added or unwound, and what the market is implicitly pricing in for the week ahead.
👉 Read the full report to be prepared, not reactive. Link to report below in comments section or in bio.
Prijavite se, če želite raziskati več vsebin