10x Research: Bitcoin Trend Model Turns Bearish
10x Research stated its Bitcoin trend model has turned bearish.It noted that the market narrative of Strategy (formerly MicroStrategy) "never selling Bitcoin" has begun to waver. 10x Research said that Michael Saylor recently hinted the company might sell some of its holdings of 843,000 BTC in the future, and this shift has led to cumulative outflows of approximately $2.7 billion from related Bitcoin ETFs.
