10x Research: Long-term holders' active buying helps BTC form short-term support, but still need to be wary of cycle lows.

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Deep Tide TechFlow news, July 3rd, 10x Research released an analysis pointing out that stronger-than-expected US employment data once caused Bitcoin price fluctuations, and ETF outflows also intensified selling pressure. However, active buying by long-term holders helped form price support in the market. At the same time, weak employment data also pushed back market expectations for the next interest rate hike from October 2026 to December, providing some support for Bitcoin's short-term trend.

10x Research added that historical data shows July has always been a relatively strong month for Bitcoin, with an average gain of 9.1%. However, the market typically enters a consolidation phase from August to September, and September may become the cycle low. Bitcoin's recent rebound from $58.5k to $61.5k may be offering traders new positioning opportunities.

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