10x Research: Changes in the investment environment have triggered a surge in pursuit of high-risk, high-return assets
According to Bitget, a report released by 10x Research states that since mid-March, Bitcoin has gone through a turbulent correction period, characterized by four low-level rebounds. If it breaks the $65,000 level, it implies that this downward trend may reverse and suggests that Bitcoin might aim for over $70,000 again. As we emphasized in our previous reports, Bitcoin is likely to hit new highs in the fourth quarter. Changes in the investment environment have triggered a surge in pursuit of high-risk and high-return assets.
In addition, 10x Research believes that the trading volume of alternative currencies has surged significantly and there's been a noticeable deviation from the original "Korean traders' first choice was Bitcoin in August" towards more volatile alternatives.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Adam Back: Strategy's leverage ratio is very low, previously only transferred BTC to another custodian and did not sell
SOL spot ETF records net inflows for 14 consecutive trading days, with total inflows reaching $382 million