10x Research Market Updates

10x Research Market Updates

Bitcoin: Why Buy-and-Hold Stalled and What Comes Next

Before the Consensus Catches Up

Nov 10, 2026
∙ Paid

Many newer Bitcoin investors are committed to buy-and-hold. After an annual return of just 2.3% over the past five years, that conviction is being tested. Buy and hold has done well over 10 years, but the market has changed, and the last five years have been much harder. In this report, we explain why, which data points investors should watch, and how to act on them.

Bitcoin doesn’t move in a vacuum, and neither do the flows behind it. A clear framework and a consistent process lead to better decisions. This report sets out what drives Bitcoin and how our process tells us when to be bearish, neutral, or bullish.

BTC (LHS) vs. Weekly RSI (RHS) - A strong framework goes beyond technicals

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