10x Research: Bitcoin trend model turns bearish, key bullish-bearish dividing line is $76,088

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Deep Tide TechFlow message: On May 25, 10x Research said the Bitcoin trend model has turned bearish, and the current key long/short dividing line is $76,088. It said that the MicroStrategy “never sell” narrative has begun to loosen, and Saylor hinted that the company may sell some of its 843,000 BTC holdings in the future. This has driven net outflows of $2.7 billion from Bitcoin ETFs since May 7.

Meanwhile, Ethereum’s market share has fallen below 10% for the first time since July 2025, and Bitmine shareholders have suffered losses of $8 billion due to ETH staking. 10x Research also noted that the market’s pricing of the impact of inflation on Bitcoin returns is biased, and that the implied volatility for both Bitcoin and Ethereum is currently at historical lows.

BTC0.75%
ETH-0.6%
BMNR-3.62%
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