10x Research Market Updates

10x Research Market Updates

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10x Research Market Updates
Crumbling Down Under $TRUMP
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Crumbling Down Under $TRUMP

If the cycle repeats...

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10x Research
Mar 11, 2025
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10x Research Market Updates
10x Research Market Updates
Crumbling Down Under $TRUMP
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👇1-15) This is a critical time when risk management, recognizing historical parallels, analyzing chart patterns, and closely monitoring market structure becomes essential. Having the right information is key, as losses can accelerate quickly in deteriorating conditions.

👇2-15) There are striking parallels between the end of the last crypto bull market and the current one. The loudest promoters coined catchy slogans, fueling promises of unlimited upside—only for volatility to be later reframed as a feature when prices collapsed, with patience preached as the cure. Institutions then arbitrated the spreads between DeFi and TradFi interest rate markets. This time, the playbook has shifted to exploiting the spread between BTC spots and futures, yet the underlying pattern remains the same.

👇3-15) It’s not just the macro backdrop that feels familiar—where the Fed turned hawkish near the peak of the Bitcoin cycle—but also the micro dynamics, as key narratives fade. Retail traders come to grips with an unwinnable game. In 2017, Ripple’s XRP surged to become the second-largest cryptocurrency by market cap, yet in the 2021 Bull Run, it failed to reclaim that position.

👇4-15) A similar pattern is emerging with Ethereum this cycle, as market narratives have evolved from payments in 2017 to DeFi/NFTs in 2021 and now to meme coins in 2025—each cycle bringing a new hype wave, shifting from Ripple to Ethereum to Solana.


Solana -59% from peak, struggling with $120/$130 support. Break below?


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