10x Research: On-Chain Fund Flows and Position Changes May Drive Bitcoin's Next Price Volatility

Odaily News 10x Research posted an analysis on the X platform, pointing out that Bitcoin's price has been rising slowly and steadily recently, while unusual changes are occurring in fund flows between on-chain and derivatives markets. Over the past week, significant adjustments have been observed in funding rates, capital flows, and several key risk indicators, suggesting that the current market trend is more driven by position structure and market positioning. 10x Research's analysis suggests that markets are sometimes dominated by fundamentals, technicals, or macro factors, but systematic tracking of market structure and position changes often reveals the "path of least resistance" for prices. Currently, position changes in Ethereum and Bitcoin may drive the key options trading for the next market move, potentially forming a crucial price battleground range before the end of March.