10x Research: On-chain capital flows and position changes may be driving Bitcoin toward the next round of price volatility
Svmuu News: In a post on X, 10x Research noted that the price of Bitcoin has been rising steadily in recent days,and that unusual changes are emerging in capital flows across on-chain and derivatives markets. Over the past week, funding rates, capital flows, and several key risk indicators have all undergone significant adjustments, indicating that current market trends are driven more by position structure and market positioning.10x Research notes that while markets are sometimes dominated by fundamentals, technicals, or macro factors, systematic tracking of market structure and position changes often reveals the “path of least resistance” for prices.Currently, position changes in Ethereum and Bitcoin may drive key options trading for the next market cycle, or gradually form a critical price range by the end of March.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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