TechFlow reports that cryptocurrency research firm 10x Research has released a market analysis report issuing warnings about the current digital asset market conditions.
The report states that while it remains optimistic about the medium- to long-term outlook for digital assets, current market evidence suggests caution is warranted.
10x Research noted that although the market saw near V-shaped recoveries following downturns in early May, early July, and early August this year, the underlying market structure and fundamentals have been gradually weakening. Each market decline has been deeper than the previous one, and subsequent rebounds have become increasingly muted. The latest monthly data indicates that the market may be approaching a critical inflection point in September, characterized primarily by declining demand.
