10xResearch: Most traders are still on the sidelines, early Bitcoin bulls are already up about 10%Odaily Odaily报道 10x Research stated that although Bitcoin trading volume remains low and funding rates remain negative, some early traders have already positioned themselves ahead of time and achieved gains of about 10%. They believe many traders are still waiting for a macroeconomic catalyst or think the bear market is not over yet, but this misunderstands how the Bitcoin market operates, "The end of a bear market is often not triggered by a single piece of news, but forms when indicators improve, risk-reward changes, and the majority of participants have yet to enter the market."10x Research said it turned bullish a month ago. Although market sentiment has improved, position follow-through remains insufficient. They also cautioned that risks still exist in the current market, making proper hedging and position management important.
