10x Research: Bitcoin's Price Surge Momentum Could Be Weakening, Traders Await New Catalyst

BlockBeats News, May 6th: 10x Research released a report stating that in the past month, Bitcoin has risen by 25% due to continuous inflows of ETF funds and institutional spot buying pressure.

However, some newly emerged signals, such as the Coinbase premium retracement and weak funding rates, suggest that the momentum of this uptrend may be weakening.

Despite signs from the options skew indicating that Bitcoin still has some upward potential, macro-level pressure is building up: the Federal Reserve remains neutral (with an upcoming meeting), volatility is slowly increasing, and uncertainty related to tariffs still exists.

Currently, there are signs of potential consolidation around $95,000 in the market, and traders are awaiting new catalysts.

This is not the time for blind risk-taking but for strategic positioning with a clear risk exposure strategy.