10x Research: Altcoin Rebound Momentum Fades, Tracked Tokens Fell 14% on Average Last Week, Capital Continues to Flow Out of the Market

Odaily reports that 10x Research's latest crypto market weekly report notes that the crypto market broadly suffered a sell-off last week, with altcoins declining significantly more than Bitcoin. The 141 tokens it tracks fell 14% on average, while Bitcoin dropped only 3% over the same period.

10x Research states that trading volume in the crypto market is currently declining, stablecoin supply continues to contract, and ETF fund flows have turned to net outflows, reflecting mounting pressure on market liquidity.

However, options market pricing indicates that pressure remains relatively low, while speculative positions in the CME futures market are near highs, suggesting that the derivatives market has not yet fully reflected the weak performance of the spot market.

10x Research believes that investors should focus this week on key Bitcoin technical levels, Ethereum position allocation, as well as capital flows and position changes in the altcoin market.