10x Research: The bitcoin bear market bottom window is approaching

Odaily reported that 10x Research has released its latest market report, indicating that Bitcoin traders have long misinterpreted the indicators of "global money supply" and "global liquidity," while the US dollar trend is actually one of the key factors affecting Bitcoin's price.

10x Research pointed out that the US dollar is currently strengthening from multiple dimensions, and historical experience shows that a stronger US dollar is usually unfavorable for Bitcoin. According to their US dollar model, only six sell signals have been triggered since 2011, with the last one occurring in November 2025, after which Bitcoin’s price continued to drop for several months.

The report also stated that the global liquidity indicator widely circulated in the crypto community last year was misused by the market. According to its research framework, this indicator issued a buy signal in early March this year and a sell signal in late April, and the team has already estimated the next possible trigger window.

10x Research says that the report combines the US dollar trend, global liquidity, and other macro drivers to analyze the time and value ranges for the potential low point of this bear market, and believes the time window for Bitcoin’s cyclical low point is gradually approaching.