Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Bitcoin Could Crash to $50K, Research Warns 10x
TRADING NEWS

Bitcoin Could Crash to $50K, Research Warns 10x

By Crypto FlexsJuly 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Could Crash to K, Research Warns 10x
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin Falls Changes Market Sentiment

Bitcoin is on the verge of a significant market shift as it plunges below the psychological $60,000 level, with a further drop to $50,000 possible. This prediction comes from 10x Research, which attributes the downtrend to a combination of declining buying and accelerating selling.

On July 4, the Bitcoin price fell sharply from $60,000 to $57,000. 10x Research analyst Markus Thielen noted that signs of an overbought market had been evident since early June, suggesting a necessary correction.

The break of the $60,000 support level is a significant event that indicates a significant change in market sentiment. 10x Research points out that the main factors contributing to this decline are the decrease in buying flow and the acceleration of selling flow. Selling is expected to intensify as sellers rush for liquidity, potentially leading to a Bitcoin price drop to $50,000.

Impact on investor sentiment and market liquidity

The sudden 5.44% drop in Bitcoin price had a major impact on investor sentiment and market liquidity. This drop was reflected in Bitcoin’s $1.1 billion market cap and 57% increase in trading volume.

The 10x Research report highlights that a break of key support levels for Bitcoin miners and spot Bitcoin ETF buyers could accelerate the price decline. The expected redemption of $8.5 billion worth of Bitcoin by Mt. Gox, scheduled to begin in July, coincides with this sell-off, further contributing to market volatility.

The report suggests that at this point, only uninformed traders are willing to buy Bitcoin, suggesting a lack of confidence in the market.

Long-term holders contribute to selling pressure

According to a recent analysis by IT Tech, long-term Bitcoin holders are cashing out significant profits, which is adding to the selling pressure. The Spending Output Profit Ratio (SOPR) for long-term holders exceeded 10 on July 3, indicating that these holders are selling their BTC for at least 10x the initial purchase price.

Typically, long-term holders hold their holdings for 5-7 years, and the decision to sell now highlights the current market volatility. The 10x Research report advises traders to prioritize risk management and prepare for continued volatility. The cautious outlook suggests that now is not the time to be complacent, as the market is facing significant downward pressure.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Little PEPE surpasses $ 4 million in pre -sales, emerging as one of the main memes in 2025.

July 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit And Cactus Custody Announce Strategic Partnership With Cactus Oasis Integration

July 23, 2025

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ethereum Based Meme Coin PEPETO Raises Above $5.5M In Presale

July 22, 2025

MultiBank Group’s $MBG Token TGE Is Live On MexC, Gate.io, Uniswap And Multibank.io.

July 22, 2025

Ark Invest sells coinbase stocks and invests in BitMine.

July 22, 2025

Altcoin benefits of capital rotation

July 22, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025

CARV Advances AI Beings Roadmap With Hackathon And 12+ Ecosystem Partnerships

July 22, 2025

POLYMARKET will re -enter the United States after the acquisition of QCEX $ 112 million.

July 22, 2025

FTT increases by 7% as the backpack starts the platform to help victims clear liquidation.

July 21, 2025

Monarq Asset Management Appoints Sam Gaer As CIO To Lead Directional Strategy

July 21, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit And Cactus Custody Announce Strategic Partnership With Cactus Oasis Integration

July 23, 2025

21Shares submitted ETFs and on major exchange lists ondo price rallies

July 23, 2025

Ethereum Based Meme Coin PEPETO Raises Above $5.5M In Presale

July 22, 2025
Most Popular

The world’s first DePIN global carrier service

April 24, 2024

SEC Delays Decision on Invesco-Galaxy Digital’s Ether ETF

February 7, 2024

A comprehensive guide to getting started with Sui (SUI)

August 17, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.