Analysts at 10X Research expect Bitcoin to start rising by the end of the week. Experts believe that the reason for the first cryptocurrency's price decline is due to investor sell-offs in the spot market, rather than activity from traders betting on a decrease. One of the main arguments presented by analysts was the situation in the derivatives market — recent data do not indicate widespread trader bets on further Bitcoin decline. At 10X Research, they noted that the recent sell-off was accompanied by a reduction in borrowed funds in the market. Usually, such a pattern indicates a decrease in speculative activity, rather than increased pressure from sellers. That is why the market may have reacted too negatively to recent events. Analysts believe that after the sharp drop, the price of the first cryptocurrency has approached levels where short-term recovery often begins. At the same time, 10X Research believes that the possible growth should not be seen as the start of a new upward trend — because the crypto market is still influenced by the global economic situation and legislative uncertainty. To form a stable bottom, much more time may be needed, despite signs of a possible rebound in the coming days, the analysts suggested.