TechFlow news, October 22 — Cryptocurrency research firm 10x Research released its latest market report stating that despite $12 billion in short positions against crypto companies, certain Bitcoin miners remain attractive. 10x Research accurately predicted several major market moves this year, including the January correction and subsequent rally. When Bitcoin rose to $70,000, they warned of a pullback to $50,000, and turned strategically bullish in September, anticipating a breakout in the fourth quarter. Additionally, they noted that first-quarter Bitcoin ETF purchases were primarily driven by hedge funds leveraging arbitrage funding rates, rather than long-term holding demand.
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