10x Research: Market structure and fundamentals have gradually weakened, and September will usher in a key turning point

Odaily News 10x Research posted on social media that while it remains optimistic about the medium- and long-term prospects of digital assets, it now seems that caution is needed in the short term. Although the market experienced a V-shaped rebound after the declines in early May, early July, and early August, the underlying market structure and fundamentals have gradually weakened, resulting in each decline becoming deeper and the subsequent recovery being weaker. The latest month-end data suggests that the market may usher in a key turning point in September.