10xResearch: Most traders remain on the sidelines, early bitcoin bulls are ahead by about 10%
According to Odaily, 10x Research stated in an article that although Bitcoin trading volume remains low and the funding rate is still negative, some early traders in the market have already positioned themselves in advance and achieved roughly 10% returns. They believe that many traders are still waiting for macro catalysts or think the bear market is not over, but this misunderstands how the Bitcoin market works: “The end of a bear market is often not triggered by a single piece of news, but rather by improvements in indicators, changes in risk-reward dynamics, and when the majority of participants have yet to enter.”
10x Research indicated that they turned bullish a month ago. Although market sentiment has improved since then, there is still insufficient position following. They also remind that there are still risks in the current market, and proper hedging and position management remain important.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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