Analysis "BTC Turns Weak"

Analysis suggests that BTC has entered a bearish phase. 10x Research explained via X, "First, there are signs of a shift in strategy regarding long-term holding. Since Michael Saylor mentioned the possibility of selling some BTC, approximately $2.7 billion has flowed out of BTC spot ETFs starting May 7. It appears that institutional investors have begun actively realigning their positions. Inflation is a key macroeconomic variable. Inflation and BTC returns show a negative correlation, and rising oil prices are expected to influence future Consumer Price Index (CPI) releases. The bond market is already reflecting the possibility of further interest rate hikes by the Federal Reserve within the year." They further assessed, "Implicit volatility in BTC and ETH options has fallen to all-time lows. With overall market trading volume and leverage low, even minor news can trigger significant volatility. The market trend this week is crucial, with the $76,088 level serving as a key turning point for BTC."