10xResearch: Most traders are still on the sidelines, with early Bitcoin bulls leading by about 10%

Odaily Planet Daily News reports that 10x Research stated that although Bitcoin trading volume remains low and funding rates stay negative, some early traders have already positioned themselves in advance and gained about 10% returns. They believe that many traders are still waiting for macro catalysts or think the bear market has not ended yet, but this misunderstands how the Bitcoin market operates, “The end of a bear market is often not triggered by a single news event, but by improved indicators, changes in risk-reward, and when most participants have not yet entered.”

10x Research said that it turned bullish a month ago, and although market sentiment has improved, position follow-up is still insufficient. They also remind that there are still risks in the current market, and reasonable hedging and position management remain important.