10x Research Founder: BTC Stands Firm on Short and Medium-Term Moving Averages, Dominance Rate Over 60% Releases Bullish Signal

Odaily Planet Daily News: 10x Research founder Markus Thielen posted on X platform, stating that Bitcoin has now moved above its 7-day and 30-day moving averages, with both short and medium-term trends maintaining a bullish outlook. The nearly 1.1% gain over the past week, coupled with news of continued institutional buying and further accumulation by major corporate treasuries, has boosted market confidence. However, influenced by the historical pattern of "buy the rumor, sell the news," the market experienced a brief period of consolidation shortly after.

Markus Thielen analyzed that hints from White House advisors about an imminent major announcement regarding national strategic reserves have also reinforced bullish market sentiment. With Bitcoin's dominance rate remaining above 60%, some altcoins are quietly forming a bottom driven by fundamental catalysts. Projects related to privacy coins and RWA (Real World Asset) infrastructure, in particular, deserve close attention.