10x Research: Bitcoin's Bear Market Low Point Window Is Approaching

ChainCatcher report: 10x Research has released a new market report stating that Bitcoin traders have long misinterpreted the indicators of "global money supply" and "global liquidity," with the U.S. dollar's movement being one of the key factors influencing Bitcoin's price. 10x Research notes that the dollar is currently strengthening across multiple dimensions, and historical data shows that a stronger dollar typically negatively impacts Bitcoin. Their dollar model has generated only six sell signals since 2011, with the most recent one occurring in November 2025, followed by a prolonged decline in Bitcoin’s price over the subsequent months. The report also indicates that the global liquidity metric, widely circulated within the crypto community last year, has been misapplied by the market. According to their research framework, this metric issued a buy signal in early March and a sell signal at the end of April, and the team has already calculated the next potential trigger window. 10x Research states that, by integrating U.S. dollar trends, global liquidity, and other macro drivers, the report analyzes the probable time and value range for the bottom of this bear market, suggesting that the timing window for Bitcoin’s current cycle low is gradually approaching.