TechFlow News, May 6: According to a report released by crypto research firm 10x Research (@10xResearch), current Bitcoin trading volume remains low, and funding rates have persistently been negative—indicating that many traders remain on the sidelines or bearish, reflecting a misinterpretation of market conditions. The firm notes that bull markets never begin with macroeconomic headlines; rather, their onset is signaled by shifts in key metrics and improvements in risk-reward ratios.
10x Research states it turned bullish one month ago. Bitcoin has now triggered its first bull-market signal: it posted positive returns for two consecutive months, ETF inflows continue to accelerate, and medium-term technical indicators are improving faster than market expectations. The firm observes that while trader sentiment has improved, position adjustments have yet to catch up—a notable divergence warranting attention. It advises investors to selectively hedge or cautiously build positions according to their individual risk tolerance.
