10x Research: Most traders are still on the sidelines, with early Bitcoin bulls leading by about 10%

Mars Finance News, 10x Research published an article stating that although Bitcoin trading volume remains low and funding rates stay negative, some early traders have already positioned themselves and gained about 10% returns. They believe that many traders are still waiting for macro catalysts or think the bear market has not ended yet, but this misunderstands how the Bitcoin market operates, “A bear market often does not end due to a single news trigger, but rather through improved indicators, changes in risk-reward, and when most participants have not yet entered.” 10x Research said that they turned bullish a month ago, and although market sentiment has improved, position follow-up is still insufficient. They also remind that risks still exist in the current market, and proper hedging and position management remain important.