10x Research: Bitcoin's upward momentum may be fading, traders await new catalysts

Odaily News 10x Research released a report stating that over the past month, Bitcoin has risen 25% driven by continued inflows of ETF funds and institutional spot buying. But some emerging signals - such as the decline in Coinbase premiums and weak funding rates - indicate that the momentum of this wave of gains may be weakening. Although Bitcoin still has some upside potential from the perspective of option skew, macro-level pressure is accumulating: the Federal Reserve remains neutral (an upcoming meeting), volatility is slowly recovering, and tariff-related uncertainties remain. The market is currently showing signs of potential consolidation around $95,000, and traders are waiting for new catalysts. Now is not the time to take blind risks, but to adopt a tactical layout and set a clear risk exposure.