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10x Research: Bitcoin Trend Model Turns Bearish Amid Shift in MicroStrategy Narrative

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Bitcoin news emerged as 10x Research reported its Bitcoin trend model has turned bearish. The firm noted that MicroStrategy’s “never sell Bitcoin” stance is weakening, with Michael Saylor hinting the company may sell a portion of its 843,000 BTC, triggering $2.7 billion in outflows from Bitcoin ETFs.

Odaily Planet Daily reports that 10x Research has stated its Bitcoin trend model has turned bearish.

It notes that the market narrative that Strategy (formerly MicroStrategy) "will never sell Bitcoin" is beginning to waver. 10x Research states that Michael Saylor recently hinted that the company may sell a portion of its 843,000 BTC holdings in the future, a shift that has led to approximately $2.7 billion in cumulative outflows from related Bitcoin ETFs.

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