10x Research: The window for Bitcoin's bear market low in this cycle is approaching

Odaily Planet Daily reports that 10x Research has released its latest market report, stating that Bitcoin traders have long misread the "global money supply" and "global liquidity" indicators, while the movement of the US dollar is actually one of the key factors affecting Bitcoin's price.

10x Research points out that the US dollar is currently strengthening across multiple dimensions, and historical experience shows that a stronger dollar is generally negative for Bitcoin. Its dollar model has only triggered 6 sell signals since 2011, with the last occurrence in November 2025, followed by months of continuous decline in Bitcoin's price.

The report also indicates that the widely circulated global liquidity indicator in the crypto community last year was incorrectly used by the market. According to its research framework, this indicator triggered a buy signal in early March this year and an exit signal in late April, and the team has already calculated the potential time window for the next trigger.

10x Research states that the report analyzes the potential time range and value range for the bear market low in this cycle, incorporating the dollar's movement, global liquidity, and other macro drivers, and believes that the time window corresponding to the cyclical low for Bitcoin is gradually approaching.