10x Weekly Crypto Kickoff – Is a Final Washout Still Ahead?
The report covers derivatives positioning, volatility trends, and funding dynamics across Bitcoin and Ethereum, along with sentiment, technical signals, ETF and stablecoin flows, option activity, expected trading ranges for the next 1–2 weeks, and key upcoming market catalysts.
Why this report matters
Many traders are now asking what comes next, and as we review the latest data and positioning trends, it is worth revisiting the conclusion from last week’s report, which already outlined the framework for understanding the current market environment:
“Last week, we cautioned that Bitcoin’s break below $87,000 should be respected.
With Bitcoin down 12% over the past week and Ethereum down 17%, that call proved timely, allowing us to sidestep the bulk of the correction.
Bitcoin is now approaching our $73,000 support level, a zone that capped prices for nearly five months in 2024 before the post-election rally pushed the market decisively higher.
However, current flows suggest sentiment has shifted meaningfully. Stablecoin off-ramps and persistent ETF outflows indicate investors are not yet positioned to buy the dip.
Notably, Circle has seen nearly $10 billion in stablecoin redemptions, pointing to reduced participation from more regulated market participants.
While sentiment and technical indicators are approaching extreme levels, the broader downtrend remains intact.
In the absence of a clear catalyst, there is little urgency to step in.
Positioning dynamics suggest traders remain focused on deleveraging and position unwinds rather than on preparing for a typical snapback rally.”
So the above was from our report last week, and in our report below, we look at the latest data. update.10xresearch.com/p/10x-w...…
