10x Research: Bitcoin trend model has turned bearish
Odaily reported that 10x Research stated its Bitcoin trend model has turned bearish.
It pointed out that the market narrative of Strategy (formerly MicroStrategy) “never selling Bitcoin” has started to waver. According to 10x Research, Michael Saylor recently hinted that the company may sell part of its holdings of 843,000 BTC in the future. This change has already resulted in a cumulative outflow of around $2.7 billion from related Bitcoin ETFs.
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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