How Our Members Sold the Top (Again) Bitcoin has seen three meaningful corrections in 2025—and we’ve called all three. The latest pullback, though smaller, caught most off guard—except our premium subscribers, who were able to sell high, buy back lower, and generate outsized returns even in a range-bound market. We also turned bullish right on time in April and anticipated the July rally as early as late June. While crypto media has picked up some of our calls, only premium subscribers received the full analysis, data, and conviction-building frameworks behind those moves. In markets like these, timing is everything—and having the right insight before the crowd can make a significant difference. Our subscribers were ahead of this week’s decline again… the only question is: will you be ahead next time? And guess what—we’re not just focused on Bitcoin. We’ve been writing increasingly about crypto equities too. After identifying an 88% rally in Coinbase from our May entry point, we recently shifted short based on our quant-driven fair value models—a move many of our subscribers followed. With Coinbase shares dropping 17% last night, the question now is: when do you cover and go long again? That’s where our disciplined process comes in—not only saving our subscribers time but consistently adding real value to their investment decisions. Join our premium research now and start positioning with clarity, not guesswork.

Why the $140,000 Bitcoin Target Isn’t as Easy as It Sounds Actionable Market Insights Why this report matters Bitcoin has delivered an impressive rally this year, but momentum may be fading just as the calendar turns to its weakest stretch. Behind the headlines of ETF inflows and bullish price targets lies a more nuanced reality: capital appears to be peaking, not accelerating. For five straight months, our seasonal model has accurately tracked Bitcoin’s trajectory—and it’s now flashing a very different signal. A subtle shift in on-chain data, weakening market structure, and a void of fresh catalysts could all combine into a new phase. The market doesn’t yet realize it, but time may be running out. What happens next could force even the most optimistic forecasts to reset. Main argument Over the past five months, our seasonal Bitcoin model has closely aligned with actual market performance. Historically, Bitcoin tends to underperform in January following a strong fourth quarter—but in 2025, it rallied instead, driven by optimism around a crypto-friendly Trump presidency. February, which typically sees a rebound, underperformed this year. However, since March, the model has reliably tracked Bitcoin’s trajectory. For July, we projected a +9.1% gain (here), and Bitcoin is currently up +9.8%, underscoring the model’s effectiveness in capturing market seasonality. Bitcoin is approaching a critical inflection point—not just driven by seasonal trends or market structure, but by a key on-chain indicator that may offer early insight into its next major move, as we detail below. Read the full report: link in bio/comments

What Happens When MicroStrategy’s Bitcoin Yield Hits a Wall? Actionable Market Insights Why this report matters Bitcoin has delivered a staggering 66% average annual return over the past decade, outpacing nearly every stock on the planet. Out of the entire S&P 500, only Nvidia has kept pace, which begs a provocative question: Should companies even bother operating if they can’t outperform Bitcoin? MicroStrategy seems to think not, and their $43 billion capital raise strategy is turning heads. But here’s what most investors miss: MicroStrategy’s model depends on high volatility and inflated NAV premiums, and both are vanishing. As volatility compresses, so does their ability to raise capital, issue debt, or generate BTC per share yield. The story unfolding now may signal a major shift in how Bitcoin-holding companies survive, scale, or stumble. Main argument From a Bitcoin maximalist standpoint, one could argue that unless a company can consistently outperform Bitcoin’s long-term returns (+66% per annum), it should abandon traditional operations altogether and function purely as a Bitcoin-holding vehicle with minimal overhead. This is essentially the direction MicroStrategy has taken, especially now that the original 2020 rationale — zero interest rates and rampant money printing — no longer applies. But Bitcoin, as always, continues to evolve—and so does the narrative surrounding it. Out of the entire S&P 500, only Nvidia has delivered a 10-year compound annual growth rate (CAGR) that rivals Bitcoin’s staggering ~66% average return. The vast majority of companies posted more modest 10–20% yearly returns, far below Bitcoin’s performance. The implication is clear: if a company consistently fails to outperform Bitcoin, perhaps its most rational strategy is to cease operations altogether and simply hold Bitcoin instead. Please see our report: link in the bio/on our website.

Metaplanet (3350.T is below the 7-day moving average -> bearish, and is below the 30-day moving average -> bearish, with 1 week change of -13.3%) Fidelity, via its subsidiary NFS, became the largest shareholder, holding 13% of Metaplanet. The company disclosed a $93.6 million purchase that increased its holdings to 16,352 BTC, solidifying its position as a top-five corporate bitcoin holder. After the Bitcoin acquisition news, shares fell about 8%, reflecting a pullback as investors locked in gains. A Financial Times feature emphasized Metaplanet’s aggressive goal to hold over 210,000 BTC by 2027, framing it as a “bitcoin gold‑rush”.

Revising Our Bitcoin 2025 Year-End Target: Data-Driven and Inflow-Based Actionable Market Insights Why this report matters Bitcoin just rallied on one of the most catalyst-heavy weeks of the year, from a $5 trillion debt ceiling hike to panic buying by Mega Whales. But beneath the headlines, something more structural is unfolding. Capital inflows in 2025 are tracking just below record pace, and with Bitcoin’s market cap now massive, only real money moves the needle. Our regression model reveals a precise relationship between inflows and price, and this year’s data suggests a target that few are discussing. Main argument On December 16, 2024, we initially projected a 2025 year-end Bitcoin target of $160,000, which we later refined to a target range of $140,000 to $160,000 in our early 2025 outlook. Now, with greater clarity on actual capital inflows into the Bitcoin network, we can update that estimate using annualized data. This allows us to provide a more realistic and data-backed year-end price target, grounded in observable market dynamics. Forecasting Bitcoin price targets is inherently challenging, given the potential for rapid, momentum-driven moves. That said, our track record includes several out-of-consensus calls that proved highly accurate. We called the bottom in October 2022 and projected a surge to $63,160 into the 2024 halving—Bitcoin traded at $63,491 on the halving day. In January 2023, we predicted a year-end target of $45,000, which closely matched the final price of $43,613. Our January 2024 forecast of $70,000 for year-end was also on track—until Trump’s election changed the macro landscape. Now that Bitcoin is breaking into new all-time highs, traditional cycle models offer less guidance; what matters most is the scale and trajectory of real money inflows into the network. So where will Bitcoin finish this year? Please see our report - link in the bio to our website.

Save 60% + Extra 10% OFF Token2049 SG—Only 2 Days Left! 🔥 Join us at Token2049 for another 10x Research’s exclusive side event—your prime opportunity to network with fellow traders! Get your Token2049 conference tickets with an extra 10% off Token2049 Singapore is set to sell out again—secure your ticket now to avoid disappointment and lock in huge savings. Until Friday, July 18, you can save US$600 (60%) on 1–2 October passes—and stack an extra 10% off with our exclusive code 10XRESEARCH10. After July 18, prices go up, but you’ll still enjoy the 10% discount when you book through our link or use our promo code (10XRESEARCH10). Don’t miss the biggest crypto festival of the year—grab your ticket today:

Save 60% + Extra 10% OFF Token2049 SG—Only 2 Days Left! 🔥 Join us at Token2049 for another 10x Research’s exclusive side event—your prime opportunity to network with fellow traders! Get your Token2049 conference tickets with an extra 10% off Token2049 Singapore is set to sell out again—secure your ticket now to avoid disappointment and lock in huge savings. Until Friday, July 18, you can save US$600 (60%) on 1–2 October passes—and stack an extra 10% off with our exclusive code 10XRESEARCH10. After July 18, prices go up, but you’ll still enjoy the 10% discount when you book through our link or use our promo code (10XRESEARCH10). Don’t miss the biggest crypto festival of the year—grab your ticket today:

Asian Retail Traders Panic - Will This Bitcoin and Altcoin Rally Last? Actionable Market Insights Why this report matters As Bitcoin ripped from $110K to $123K, it wasn’t just whales driving the move but a wave of panic buying in Asia’s late hours, leaving traders scrambling for answers. At the same time, Ethereum’s open interest swelled by $5 billion—an institutional stamp of approval or a sign of overreach? Funding rates across Bitcoin, Ethereum, and Solana have exploded into double digits, resurrecting memories of past blow-offs. Looming behind it all is a $1.5 billion altcoin unlock, poised to either spark fresh momentum or trigger a violent correction. Main argument Altcoins, especially Ethereum, are surging, and everyone’s asking the same questions: what’s driving the move, and how long can it last? Our tactical altcoin model turned bullish on July 10 (here). A day earlier, on July 9, our Trading Signals (here) identified trend reversals in both Ethereum and Ripple—moves that were followed by respective gains of 20% and 27%. Our Ethereum Technical Analysis chart book further reinforced this outlook, published the same day as part of our Trading Strategy series (here). Back in January, we advised hedging long Bitcoin positions with short altcoin trades, as the projected $57 billion in annual token unlocks signaled persistent selling pressure across the altcoin market. Our analysis also highlighted a structural shift in Bitcoin’s investor base, from retail to institutional buyers, including ETFs and corporations, while retail participation remained muted. But there are periods when altcoins pump, and we have pointed this out in our July 7 report (here): “When they [unlocks] exceed $1.5 billion [per week], we often see a brief altcoin rally the week prior, as market makers attempt to generate upward momentum. If this pattern holds, the upcoming $1.5 billion unlock could trigger a short-term rebound in altcoins”. Indeed, that’s why we anticipated a sharp rally—and it’s played out just as expected. The real question now is whether this surge has run its course or if there’s still more upside ahead. See our full report in the com-ments section...

MicroStrategy (MSTR is above the 7-day moving average -> bullish, and is above the 30-day moving average -> bullish, with 1 week change of +11.6%) purchased 4,225 Bitcoins for $472.5 million, boosting its total holdings to 601,550 BTC. This acquisition, funded through stock offerings, reinforced investor confidence in its Bitcoin-focused strategy, driving a 3.5% stock price jump. Strong institutional demand for Bitcoin, with MicroStrategy as a key player, further supported the stock’s upward movement. Despite concerns about its leveraged $71 billion Bitcoin position, the market responded positively to its aggressive accumulation.

WATCH: MARKUS THIELEN AT 10X RESEARCH SAYS $BTC COULD HIT $160,000 BY END OF 2025