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Yahoo
3 days ago
- Business
- Yahoo
Bitcoin May Turn Range-Bound Soon For These 3 Reasons: 10x Research
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin's (CRYPTO: BTC) recent rally, in light of catalysts such as corporate earnings, the upcoming White House digital asset report, and the FOMC meeting could lose momentum once these events conclude. According to a report by 10x Research, with no major triggers ahead and August–September historically weak months for crypto, Bitcoin may trade sideways or retrace unless new catalysts emerge. The research notes that Bitcoin's latest price movements have been closely tied to short bursts of momentum rather than sustained trends, with each major rally triggered by events such as ETF approvals, Fed policy signals, or political developments. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics— With corporate earnings, the White House digital asset report on July 30, and the Federal Open Market Committee (FOMC) meeting all concluding this week, the research suggests the market could enter a quieter phase. Bitcoin recently dropped to $115,000 ahead of options expiry, a level that 10x had targeted in its June 24 report when it sold the $115,000 strike call for July. While 10x remains constructive on the asset in the longer term, its latest strategy involves a strangle trade selling the $105,000 put and $130,000 call for the August 29 expiry to generate yield during a potential consolidation phase. Why It Matters: The White House digital asset report is expected to address a Strategic Bitcoin Reserve, regulatory frameworks, and systemic oversight. 10x Research cautions that a lack of clarity on the U.S. government's actual Bitcoin holdings and the timing of policy decisions could limit its market suggest that the U.S. Marshals Service controls around 28,988 BTC, significantly below earlier estimates exceeding 200,000 BTC. 10x also highlights that Ethereum's (CRYPTO: ETH) rally, driven primarily by treasury allocations from companies like Bitmine (AMEX:BMNR) and Sharplink (NASDAQ:SBET) rather than core network activity, could face similar risks if momentum slows. Ethereum's market cap and trading volumes have surged by over 50% in the past month, while fees and active addresses have only risen in single-digit percentages. With August seasonality often resulting in lower volumes and reduced institutional participation, 10x warns that the Bitcoin market could become range-bound between $111,673 and $120,000. The research stresses that discipline and tighter stop-losses will be crucial for traders navigating the weeks ahead. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Bitcoin May Turn Range-Bound Soon For These 3 Reasons: 10x Research originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Here Is the Bitcoin Price Level That Could Be an Attractive Entry Point for BTC Bulls
As bitcoin (BTC) holds near its record highs, traders looking to join the uptrend may be facing a dilemma: should they enter now, or wait for a more favorable pullback? According to Markus Thielen, founder of 10x Research, a pullback to the former resistance-turned-support level of the May high, under $112,000, would be the best entry point. "We would prefer to see bitcoin retest its $111,673 breakout level to provide a more favorable risk/reward entry point," Thielen said in a note to clients on Monday. The risk-reward ratio compares the potential loss of an investment to its potential profit, helping traders determine whether the potential gains justify the associated risks. Traders typically target a risk-reward ratio of at least 1:2, necessitating bullish entries close to key support levels, like the $111,673 in BTC's case. It's common for markets to revisit the breakout points before staging bigger bull runs, meaning a potential pullback to $111,673 cannot be ruled out. As of writing, BTC traded flat at around $119,500, having risen over 1% on Sunday amid reports that the U.S. had reached the largest-ever trade deal with the European Union. But what if the meaningful pullback doesn't unfold? In that case, the best entry would be above $120,000, marking a breakout above the trendline connecting July 14 and July 23 highs. "A break above the descending trendline, particularly a sustained move above $120,000, could justify re-engaging with the trend, though it would warrant unusually tight stop-losses," Thielen said. Sign in to access your portfolio
CNBC
6 days ago
- Business
- CNBC
Bitcoin posts back-to-back weekly losses, and Coinbase suffers five-day slide: CNBC Crypto World
On today's episode of CNBC Crypto World, bitcoin slips to end the week and also experiences its first back-to-back weekly loss since early June. And, Markus Thielen, the CEO of 10x Research, breaks down what factors are weighing on bitcoin's price.
Yahoo
22-07-2025
- Business
- Yahoo
Ethereum Roars To $3,800: What's Driving The Surge?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ethereum's (CRYPTO: ETH) most recent breakout isn't just a product of ETF hype, it's backed by a surge in DeFi activity and a rising structural shift, according to a 10x Research report. What Happened: With total value locked (TVL) in Ethereum-based DeFi protocols reaching $84 billion, the highest since January 2022, the report argues Ethereum is entering a new growth phase powered by real usage, not short-term hype. The report emphasizes that "internal smart contract calls," a less visible but crucial on-chain metric have increased sharply, reflecting deeper interaction between DeFi protocols. Trending: GoSun's Breakthrough Rooftop EV Charger Already Has 2,000+ Units Reserved — This growth points to rising composability and utility on Ethereum, extending far beyond speculative trading. "DeFi activity is quietly laying the groundwork for Ethereum's next phase," the report states. "ETF flows may catch headlines, but smart contract calls and long-term positioning tell the real story." Ethereum's recent rally has been reinforced by $3 billion in ETF inflows this July, $2.2 billion of which arrived in just the past week. The GENIUS Act, set to introduce regulatory clarity later this year, is seen as another catalyst supporting Ethereum's momentum. Meanwhile, institutional adoption is mirroring the Bitcoin playbook. Companies like Bitmine (AMEX:BMNR) and Sharplink (NASDAQ:SBET) now hold over $1.1 billion in ETH each on their balance sheets, with Bit Digital (NASDAQ:BTBT) holding another $380 million. These firms have seen their market capitalizations surge as they pursue Strategy (NASDAQ:MSTR)-style accumulation strategies raising capital by issuing equity above net asset value to acquire more It Matters: One striking insight from the report: Ethereum's price action is increasingly driven by Asian markets. Over the past month, 66% of Ethereum's gains occurred during Asian trading hours, with activity lagging during European sessions. Korean exchanges like Upbit have reported XRP (CRYPTO: XRP) and ETH trading volumes exceeding billions daily. "Ethereum isn't just riding macro tailwinds," said the report's authors. "It's gaining strength through structural changes: a broader user base, real-world interaction, and growing institutional commitment." With $3.1 billion now held on corporate balance sheets, Ethereum's positioning mirrors the early stages of Bitcoin's institutional phase only this time, with an active, composable ecosystem built on top. As Treasury Secretary Scott Bessent projects stablecoins could grow from $250 billion to $3.7 trillion by 2030, and BlackRock (NYSE:BLK) continues to push for staking integration into its Ethereum ETF, Ethereum's infrastructure role seems increasingly central to global financial rails. Whether or not Ethereum sees further explosive price action in the near term, the data suggest its long-term foundation is strengthening and the market may just be waking up to it. Read Next: Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Image: Shutterstock This article Ethereum Roars To $3,800: What's Driving The Surge? originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
Institutions Drive $4 Trillion Crypto Market Wave As DC Moves Buoy Sector
(Bloomberg) -- A relentless wave of optimism is sweeping the nearly $4 trillion crypto market, driven by a frenzy of Washington policy moves accelerating its assimilation into regulated finance. The passage of a landmark stablecoin law and broader legislative momentum have injected new legitimacy into the sector, lifting prices and rekindling risk appetite across digital assets. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital Signs of retail re-engagement are resurfacing. Coinbase's app surged to fifth place in Apple's Finance category, up from 25th a month earlier, according to data tracker Sensor Tower. Google searches for 'Bitcoin' are climbing. Telegram groups and Discord forums saw spirited activity during Washington's 'Crypto Week,' a highly choreographed policy blitz that culminated in President Donald Trump signing the first major US stablecoin framework into law. That spike in visibility, however, belies a more complex picture of who's actually driving flows. While consumer interest is returning, the rally's architecture is distinctly institutional. Large private holders — those controlling 10,000 Bitcoin or more — acquired roughly 47,000 tokens ahead of Bitcoin's all-time high of about $123,000 on July 14, 10x Research data show. Since then, these substantial holders have begun to unwind positions, contributing to a pullback to around $118,600. Much of the re-engagement started about a month ago, after stablecoin issuer Circle Internet Group Inc.'s blockbuster June initial public offering, according to Chris Rhine, head of liquid active strategies at Galaxy Digital. 'It's encouraged all investors to get re-engaged— small retail to large institutions,' Rhine said. 'We have institutions calling us now, asking how to position around stablecoins. The sense of urgency is there.' That urgency, however, is not translating into core retail metrics yet — at least as it comes to quarterly results. Coinbase Global Inc., which reports on July 31, likely saw its second-quarter trading volumes fall 44% from the previous quarter and 3% year-on-year, according to Oppenheimer & Co. Wallet app downloads for the exchange's recently re-named other main app, Coinbase Wallet, dropped 51% quarter-on-quarter, with similar declines observed across other major exchanges, according to Sensor Tower. Much of the speculative attention once directed at tokens has shifted elsewhere. Analysts note retail investors have pivoted towards AI-linked equities and crypto-adjacent names such as Strategy, where volatility and narrative appeal remain high. Some retail participants have exited the market entirely, citing macroeconomic concerns and 'Liberation Day' tariffs, said Oppenheimer analyst Owen Lau. What the recent rally reveals is a deeper shift in who is driving price action — and why it matters. Bitcoin treasury companies and asset managers are absorbing flows that once passed through individual wallets. Retail has hardly disappeared, but its influence is being channeled through structured products, not direct market activity. Whether this marks a permanent reordering remains open to debate. Advocates for greater institutional involvement argue that established financial firms provide much-needed liquidity, lower volatility and more predictable behavior. They see professionalization as a prerequisite for crypto's integration into global capital markets. Skeptics contend that over-institutionalization risks undermining crypto's founding principles. A market dominated by ETFs and regulated intermediaries may dull the participatory energy that fueled its early adoption. There are also concerns that innovation and open access could suffer as capital migrates to gatekept vehicles. To be clear, ETF inflows are not exclusively institutional. Retail interest persists, albeit through advisory and brokerage channels. Spot Bitcoin ETFs have attracted about $19 billion this year, underscoring demand across both investor classes. Yet control and participation are not synonymous — and increasingly, the center of gravity appears to rest with allocators. Mass retail participation may yet return. But for now, the tone of the market is being set not in Telegram chats or trading forums, but on the desks of traditional finance. Among investors of all sizes, though, as Rhine of Galaxy Digital observed: 'The sense of urgency is there.' --With assistance from Isabelle Lee and Sidhartha Shukla. A Rebel Army Is Building a Rare-Earth Empire on China's Border Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P.
