In a report dated 11/03/2025, 10X Research predicts that Bitcoin (BTC) will further drop to 73,000 USD, as the crypto market faces headwinds from macroeconomic conditions and the collapse of the meme coin frenzy. Is this a sign of the end of a bullish cycle, or just a setback before a new wave? Let's analyze in detail.
Forecast of 73,000 USD: Where Does It Come From?
#10XResearch points out “notable similarities” between the end stage of the previous bullish cycle (2021) and the present: hawkish policy from the Federal Reserve (Fed), macroeconomic instability, and the weakening of major crypto narratives. BTC recovered to 83,000 USD on 11/03, but still dropped 14% in the past month, far from the peak of 109,000 USD in early January 2025 – when expectations for a crypto-friendly Trump administration were high. Now, concerns over trade wars from Trump tariffs, economic recession, and global conflicts (Eastern Europe, the Middle East) are causing investors to flee risky assets like crypto.
The report emphasizes: “Macroeconomic headwinds, poor microeconomic efficiency, and the price action pattern are repeating a familiar cycle, with retail investors bearing the brunt.” Arthur Hayes (BitMEX) also predicts BTC could hit 70,000 USD, reinforcing this bearish trend.
Meme Coin Collapses: Hype Shattered
The decline of meme coins is a key factor. Dogecoin ($DOGE ) the largest meme coin with a market cap of 24 billion USD, plummeted 33% in the past month, while other tokens lost value even more significantly. 10X writes: “Speculative frenzy may temporarily resist market trends, but ultimately must face reality.” Meme coins previously pushed BTC above 108,000 USD due to retail speculation, but as investors realized the “manipulated game” – being used as “exit liquidity” for whales – the market began to collapse. The TRUMP token, symbolizing hopes for a “crypto president,” is also “evaporating” under speculative pressure.
Fed and Macroeconomic Factors: Increasing Pressure
In December 2024, when BTC dropped to 95,000 USD, 10X warned about the Fed's tightening monetary policy and adverse market factors. The latest report confirms: “If history is a guide, the next major rally requires a new narrative.” Currently, the hawkish Fed combined with Trump tariffs overshadows crypto prospects, pushing the Fear Index down to 24 and causing derivative liquidations to exceed 930 million USD (11/03).
Impact on the Crypto Market
Short-term: The prediction of BTC dropping to 73,000 USD may create additional FUD. On Binance, traders should monitor support at 75,000 USD – if broken, 73,000 USD is feasible; if held, resistance at 85,000 USD is the recovery target. DOGE/USDT is also noteworthy, as the collapse of the meme coin could drag other altcoins down.
Long-term: 10X believes the market needs a “new narrative” for recovery – possibly easing policy from the Fed or widespread adoption of stablecoins (like Mesh raising 82 million USD). Retail investors are holding meme coin portfolios “heading to zero,” reducing overall confidence, but if BTC hits the bottom of 73,000 USD, this could be a buying opportunity before a new bullish cycle.
The Reality Behind Speculation
10X emphasizes: “When the Fed turned hawkish in mid-December, this cycle might have peaked, but the meme coin craze continues due to retail speculation.” The collapse of the current “market structure” indicates that crypto is no longer supported by hype but must face macroeconomic realities. This aligns with Hayes' observation: the bottom of 70,000-73,000 USD is just the beginning, and a major recovery requires stimulus from monetary policy.
Conclusion: Is the Bottom Near or Far?
The forecast of BTC dropping to 73,000 USD from 10X Research serves as a warning amid macroeconomic storms and the collapse of meme coins. For Binance users, this is the time to manage risk closely: support at 75,000 USD is a critical level for bottom fishing, but also be prepared for a worse scenario. Will the crypto market find a “new narrative” to revive, or continue to sink into instability? The answer lies in the coming weeks.
Risk Warning: Crypto investment carries high risk due to price volatility. Only invest money you are willing to lose.
