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Called Bitcoin’s Oct ’22 Bottom, Jul ’23 $125k Top & Oct ’25 Bear, Aug '26 Bottom - Before They Happened | Institutional Research | Millennium | JPM | MS | GS

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Joined October 2022
Zcash is up 34% since we flagged it. Did you catch it? Zcash just broke out to a new high. If you weren't positioned, here's the uncomfortable part: our model flagged this setup weeks ago, and it's already up 34% since. In our altcoin model portfolio, available to Trading Signals subscribers, Zcash has returned +162%. This isn't a "what happens next" story. It's a "this already happened, and paid subscribers had it" story. On August 21st (signal.10xresearch.com/p/zca…), our quant models triggered a signal on ZEC-USD at $720.03, scoring it 7.2 out of 10, one of our higher-conviction reads. The model didn't just say "bullish." It quantified it. ----------------------------------------------------- ZEC-USD: New Medium-Term High — Triggered Aug 21, 2026 Historical median return after similar setups: +19.5% over 1 month (10 prior occasions, 80% hit ratio) Entry: 720.03 | Target: 860 (+19.5%) | Stop-loss: 667 (-7.3%) Recommended position size: 13.6% of a $100k portfolio That signal has already outperformed its own target, ZEC is up over 34% since it triggered. Subscribers who acted on it were in before the breakout, not chasing it after. And this isn't a one-off. When Bitcoin ripped to $69,000, our models gave subscribers a clear read while everyone else was second-guessing whether to fade it. Same process. Same edge. Here's the thing about signals: the value isn't in reading about the move after it happens. It's in having the call before it does. Free content tells you what happened. Trading Signals tells you what's setting up, with the entry, the target, the stop-loss, and the position size already worked out, the moment our models trigger it. You missed this one. The next signal is already loading. [Upgrade to Trading Signals →] signal.10xresearch.com/upgra… Subscribers also get full access to 10x Market Updates and the rest of our Trading Signals suite, including our weekly options report, weekly altcoin chart book, and the trading dashboard with our model portfolios. Past performance and back-tested returns do not guarantee future results. See Disclaimer in the report @Zcash
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BNB Chain (BNB-USDT is below the 7-day moving average -> bearish, and is below the 30-day moving average -> bearish, with 1 week change of -4.5%) after a $6.3 billion hack at Binance, by far the biggest in crypto on record. Binance temporarily suspended deposits and withdrawals, said approximately $3 billion of the affected assets had been frozen, and pledged to cover all losses. Analysts attribute the hack to North Korea’s TraderTraitor group, while Aave froze lending markets to prevent the hacker from borrowing. Before the hack, the token was supported by quarterly network revenue rising 54% and the Jenner hard fork going live on testnet. One Liners: Crypto Market Drivers — 6 Charts That Matter Now, covering 30+ crypto assets: update.10xresearch.com/p/one…
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10x Research retweeted
🎙️ Is BTC set to outperform ETH in the near term? Markus Thielen (@markus10x), founder of @10xresearch, tells @itsciaranlyons why he’s not “super optimistic” on Ethereum right now, and why he sees Bitcoin ending the year around $90,000. Plus, could the OpenAI and Anthropic IPOs send Bitcoin higher or trigger a crash? Watch the latest episode of #TRADESECRETS. 00:00 Bitcoin Has Changed Forever — Here's Why 00:48 Is Another Bitcoin Rally Coming Before 2026 Ends? 01:18 Why Bitcoin's Latest Rally Looks Just Like 2023 04:00 Could Bitcoin Crash Back to $60K? 05:10 Why Thielen Believes Bitcoin Has Already Bottomed 07:15 The $40 Trillion Debt Problem Fueling Bitcoin's Rally 08:16 Could OpenAI and Anthropic IPOs Send Bitcoin Higher? 10:09 Why Investors Are Abandoning Government Bonds 11:20 Is There Enough Liquidity to Fuel the Next Bitcoin Bull Run? 14:37 Why Bitcoin and Gold Could Benefit From Higher Inflation 16:00 Bitcoin vs. Gold: Which Is the Better Investment? 19:20 Could Bitcoin Really Gain $100K in a Single Day? 20:08 Why Bitcoin's Explosive Rallies May Be Gone Forever 23:33 Who Will Drive Bitcoin's Next Bull Market? 24:00 Why Wall Street's Bitcoin Adoption Is Still Overestimated 26:39 Is Quantum Computing Holding Bitcoin's Price Back? 28:44 Bitcoin to $90K by December? Thielen's Price Prediction 29:30 Why Bitcoin Will Keep Outperforming Ethereum 30:17 What Ethereum Must Fix to Become Bullish Again
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Six Tokens Still Working as Altcoin Breadth Collapses Bitcoin has held near $80,000 while sentiment soured, but beneath the surface the altcoin market has shifted sharply. In just four weeks, the share of altcoins trading above their 50-day moving average has collapsed, volumes remain thin, and several tokens are dealing with unlocks, insider transfers and whales moving coins to exchanges. Yet a handful of names are still attracting institutional money and breaking away from the pack. In this report, we update our altcoin score and rotation model, break down the catalysts behind more than 30 tokens, and explain which positions portfolio managers should hold, trim or avoid from here. As always, this weekly report covers the drivers and catalysts for more than 30 tokens, highlights what matters most for portfolio managers, and gives our view on altcoin sentiment, sector rotation and where we are in the altcoin season. A 34-page PDF with all the charts is attached: signal.10xresearch.com/p/six…
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Crypto Factors: Altcoin Breadth Collapses, Low Volatility Takes Over Every crypto sector fell last week, and the sectors that led the last three months fell the most. Only 13% of altcoins are now above their 50-day moving average, down from 94% a month ago, one of the fastest breadth reversals we have recorded. Momentum strategies have been caught on the wrong side, and only one factor in our framework is still making money. Altcoin season has not ended yet, but the signal that ended every previous one is starting to move. In our latest '10x CIO Strategy' publication for institutional subscribers, we show which factor is working, which sectors are absorbing the selling, and the level that would tell us the altcoin rotation is over.
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Nasdaq - A textbook BUY signal? Textbooks treat an RSI below 30 as oversold, but the Nasdaq has rarely needed to get that far. In past pullbacks, the daily RSI typically bottomed near 35, marking the end of the decline and the start of the uptrend. The current setup fits that pattern. The RSI has turned up from oversold territory and crossed back above its moving average, which is a buy signal. Markets are under pressure from several directions. The AI trade is unwinding, the Fed has turned hawkish, oil is at $100, and the US midterms add another layer of uncertainty. Is this the time to cut risk or to start buying? It comes down to risk-reward. Below, we lay out the technical setups for the Nasdaq, the S&P 500, and gold, what we are watching, and the instruments we would use to express our preferred trades. The charts tell a clear story. Before committing capital, traders need to decide whether to protect profits or build long exposure, and we explain which direction we think the market will move next. Full report with all the charts and analysis for Nasdaq, S&P 500 and Gold: whatmatters.10xresearch.com/…
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Ready to Turn? Our view on Nasdaq, S&P 500, and Gold Markets are under pressure from several directions. The AI trade is unwinding, the Fed has turned hawkish, oil is at $100, and the US midterms add another layer of uncertainty. Is this the time to cut risk or to start buying? It comes down to risk-reward. Below, we lay out the technical setups for the Nasdaq, the S&P 500, and gold, what we are watching, and the instruments we would use to express our preferred trades. The charts tell a clear story. Before committing capital, traders need to decide whether to protect profits or build long exposure, and we explain which direction we think the market will move next. Full report with our latest views on: Nasdaq, S&P 500, and Gold: whatmatters.10xresearch.com/…
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10x Research Partner Access: Consensus Hong Kong and Miami As an official community partner of Consensus, 10x Research is pleased to extend preferred access to our readers, including 20% off tickets to both upcoming events. Past Consensus events have sold out well ahead of time, so we suggest registering early. Register here or through the links below: update.10xresearch.com/p/10x… Consensus Hong Kong (Feb 1-3, 2027) Register for Consensus Hong Kong: consensus-hongkong.coindesk.… Consensus Miami (May 4-6, 2027) Register for Consensus Miami: consensus.coindesk.com/regis… Your 10x Research code TENX20 is applied automatically through the links above. You can also enter it manually at checkout. @consensus2027 @consensus_hk
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We will be at least at one of those two events. Get in touch if you want to meet up...
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Coinbase and Circle: Buying Opportunity or Value Trap? A wide gap has opened between Bitcoin and Coinbase, and some investors are asking whether now is the time to buy the stock. Crypto service providers such as Coinbase and Circle have corrected sharply over the past few weeks and missed Bitcoin’s rebound entirely. Price alone does not make an entry point, though. What matters is what each stock's key driver is pricing in. For Circle, we set out our current view and the driver we track to judge whether the share price offers value. For Coinbase, we ask whether the gap to Bitcoin is wide enough to justify buying, which driver we are watching, and whether we expect it to push the shares higher or lower. See link in bio/comments section for the full report.
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Trading Signal: From Crowd Favorite to Oversold – Why This Is the Better Entry Sometimes a correction runs far enough to create an opportunity. This one is driven by technicals rather than fundamentals. Expressing it indirectly adds a margin of safety, since the related asset sits about 13% below fair value, which should cushion the downside. On a risk-reward basis, that makes the trade considerably more attractive. Our regression z-score now puts this trade in the buy zone. Below, we set out the technicals and fundamentals behind the trade, what drives fair value, and how best to position for it. Subscribers get the latest trading signal (see email, link in bio, or below in the comment section for the full report).
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Bitcoin or Altcoins ??? Bitcoin dominance stands at 60.1%, down 0.2%, while Ethereum dominance is 10.6%, down 0.1%. Our model still favors Bitcoin over altcoins, but the margin is thin: a 0.7% drop in Bitcoin dominance would flip the signal. Our Altcoin Season index has slipped to 49% from 59% four weeks ago. It remains in the 86th percentile of its three-year range and well above the 18% reading a year ago, so altcoin season hasn't ended, but it's losing steam. Breadth has weakened sharply underneath. Only 12% of coins trade above their 50-day moving average, down from 96% four weeks ago, and the share above the 200-day has fallen to 51% from 86%. Below (or see the link in the comments section or in the bio), we break down the market structure, show what smart money is doing, and lay out exactly how we think portfolio managers should be positioned for the weeks ahead.
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Bitcoin has slipped below $80,000, but the price move is only part of the story. Tether’s USDT market cap stands at $182.6 billion, down 0.5% from a week ago, with volume of $58.8 billion, 5% below average. Circle’s USDC market cap fell 1.2% to $71.5 billion, while volume dropped to $11.7 billion, 19% below average. Our stablecoin minting indicator sits in the 2nd percentile, a very negative reading. The stablecoin supply shrank by $1.9 billion last week, and net redemptions over the past 30 days total $4.8 billion. Liquidity is leaving the market rather than coming in. Below, we break down the market structure, show what smart money is doing, and lay out exactly how we think portfolio managers should be positioned for the weeks ahead.
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Bitcoin at $80,000: The Three Charts That Matter Most Bitcoin has broken below $80,000, triggering a wave of stop-loss liquidations. Bitcoin is trading around the psychologically important $80,000 level, but is this because of thin weekend volume and a false breakdown? What factors should traders focus on? Traders shouldn’t watch only price. Below, we explain what our market structure and factor analysis are signaling and which levels matter for our near-term and medium-term view. So far, Bitcoin has moved in line with the view we laid out over the past week or two. Three charts matter most right now, and studying them closely should give traders the confidence to stick with the process. Full report: update.10xresearch.com/p/bit…
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Bitcoin at $80,000: The Three Charts That Matter Most Trading comes down to following a disciplined process, making data-driven decisions, and acting on them with confidence. Sometimes that means going against the crowd. Sometimes it means getting ahead of it. Bitcoin is trading around the psychologically important $80,000 level, but is this because of thin weekend volume and a false breakdown? What factors should traders focus on? Traders shouldn't watch only price. Below, we explain what our market structure and factor analysis are signaling and which levels matter for our near-term and medium-term view. So far, Bitcoin has moved in line with the view we laid out over the past week or two. Three charts matter most right now, and studying them closely should give traders the confidence to stick with the process. Full report: update.10xresearch.com/p/bit…
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One of the Few Bitcoin Decisions That Matter This Year Many Bitcoin investors swear by buy-and-hold, and it has paid off handsomely for anyone who bought a decade ago. But over the same period, another strategy has delivered better returns, and the gap has widened sharply over the last five years. It requires a slightly more active approach, but only three to four decisions a year. Today calls for one of them, and it aligns with broader crypto market sentiment. Below, we show how this strategy has outperformed buy-and-hold over the past ten years and why now is the time to act on its latest signal. Full report: whatmatters.10xresearch.com/… Bitcoin (LHS) vs. Coinbase BTC Premium (RHS) - risk or opportunity?
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Altcoins Lose Their Footing as Money Rotates Back Into Bitcoin The altcoin rally that looked so convincing a few weeks ago is losing support. Across the 50+ coins we track, only two are trading above both its short-term and medium-term trend lines. Most of the sharp moves we saw this week were short squeezes, not new buying, and they faded within a day. That does not mean every altcoin is a sell. Some tokens have genuine fundamental support, while the rest of the market slips. In this week’s report, we show which signals in our rotation model have turned, how far market breadth has fallen, and what we now score the odds of an altcoin season. We also review the catalysts behind each coin and flag where we think the risk-reward has improved and where it hasn't. Full report: signal.10xresearch.com/p/alt…
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