Pay attention to this: Ethereum bottoming?
Institutional Crypto Research Written by Experts
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👇1-11) The crypto market has shifted from a predominantly long-only retail environment to one where sophisticated strategies based on macroeconomic views and market structure analysis offer the best risk/reward opportunities. Dollar-cost averaging is no longer effective. Instead, professional traders focus on navigating market cycles, strategically entering positions when momentum builds, and risk/reward dynamics are most favorable.
👇2-11) As we've highlighted, some are starting to recognize that rate cuts are only bullish when driven purely by lower inflation; if they are also tied to slower economic growth, the effect can be quite the opposite. Relying on surface-level commentary without thorough analysis can be costly. This is why we place significant emphasis on leading economic indicators, as they have the potential to shift the market balance. However, macroeconomic data updates slowly, often monthly, making it essential to maintain focus and avoid distractions between releases.
👇3-11) At 10x Research, we've consistently demonstrated our foresight in the market, particularly our bearish stance on Ethereum. While many are just now recognizing the declining trends, including lower revenues tied to Ethereum's reduced activity, we've been ahead of the curve. Our anticipation of a price collapse, which we warned of on June 8 when ETH was trading at $3,725, has been validated as it has since fallen to $2,360, a drop of 37% in just three months.
Ether Funding Rate (LHS, annualized) vs. ETH Futures OI (RHS, $bn)
