Svmuu News 10x Research posted on the X platform, stating that the current price movement of Bitcoin is not primarily driven by negative news such as the Middle East conflict, but is more dominated by changes in market positioning structure. Over the past two weeks, there has been a significant adjustment in market positioning structure, and these changes are gradually incentivizing traders to push Bitcoin towards the next phase of its market cycle. A Bitcoin options trade proposed by the institution two weeks ago has currently achieved approximately +72% returns, and the technical structure continues to strengthen. Recently, a series of attractive risk-reward signals have emerged in the market. Although some traders remain puzzled by Bitcoin's resilience in the face of negative news, the market's current sensitivity to news flow is declining, while its response to positioning, capital flows, and market structure is increasing. By focusing on positioning, capital flows, and technical signals rather than solely relying on news events, investors may better judge Bitcoin's next move and make corresponding allocations.