10x Research: Gray Transformation of ETFs Poses Hidden Dangers, Bitcoin May Further Fall to $38,000
10x Research: Gray Transformation of ETFs Poses Hidden Dangers, Bitcoin May Further Fall to $38,000
10x Research: Gray Transformation of ETFs Poses Hidden Dangers, Bitcoin May Further Fall to $38,000

Bitcoin (BTC) has dropped more than 5% since the launch of its spot ETF last week, seemingly becoming a typical “sell the news” event. According to a report by CoinDesk, technical analysis conducted by 10x Research on the Bitcoin price indicates that this selling phenomenon may continue in the short term. Markus Thielen, the leader of 10x Research, stated in a report sent to clients on Monday:

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