10x Research Weekly Report: Market Shows Signs of Recovery, but Reversal Still Needs Confirmation

According to the weekly crypto market report released by 10x Research, the current market is experiencing a release of some of the pessimistic sentiment, but overall liquidity remains weak, and structural funds have not yet flowed back in large scale.

The report points out that the market is currently in a phase of leveraged positions being emotionally cleared, with funding rates falling back to historically low levels, and implied volatility also significantly decreasing, indicating that short-term panic has eased.

Meanwhile, the US 10-year Treasury yield has fallen below 4%, providing some breathing room for risk assets. Bitcoin ETF fund flows have also temporarily turned positive after several weeks of net outflows, showing that some institutional funds are beginning to cautiously re-enter.

However, the market remains skeptical about whether these signals can trigger a sustainable rebound. The options market trend shows that traders are simultaneously positioning for both bullish and bearish bets around multiple macro events in March, and this dual-sided betting indicates increasing market divergence.

The report concludes that to determine whether this recovery will truly mark a bottom reversal, close attention should be paid to derivatives positioning, changes in funding rates, ETF and stablecoin fund flows, and the macro events expected to unfold in the next two weeks.

Overall, in a phase where liquidity has not fully returned and bullish and bearish signals are intertwined, the market is prone to repeated oscillations.

This report also analyzes the market from multiple dimensions such as positions, volatility, fund flows, and options strategies, providing references for investors to grasp the trading rhythm in the coming week.

#10xResearch # Macro Analysis