10x Research: Bitcoin's next move will be driven by market structure and capital behavior rather than macro narratives.

Odaily Odaily reports that 10x Research, in a report on its X platform, states that markets tend to follow simplistic narratives, but Bitcoin's price movements rarely adhere to these patterns. While the US stock market benefited from strong seasonal fund flows at the beginning of the year, Bitcoin operates under different rules. As calendar effects fade and macroeconomic correlations dissipate, the truly important signals will emerge from market structure, technological rebalancing, and actual capital behavior. Entering 2026, many macroeconomic indicators show confidence, but history suggests this is often the weakest point for these signals. The key now lies in whether real capital is preparing for the next institutional shift. 10x Research's report today analyzes the actual factors driving Bitcoin's price movements and provides trading strategies.