10x Research Market Updates

10x Research Market Updates

The Illusion of Stability: Why Bitcoin Isn’t Buying the Rally—and What Comes Next

Crypto market intelligence

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10x Research
Apr 02, 2026
∙ Paid

Why this report matters

Equities are responding to market-friendly headlines, but Bitcoin isn’t. Despite a solid rebound in the S&P 500, BTC has failed to follow, with ETF inflows remaining muted and U.S. investors actively selling into strength. This price action is unfolding in line with the framework we outlined in our Monday kickoff report and subsequent updates earlier in the week.

This is not a time for complacency or for relying on verbal assurances. It is a market driven by flows, technicals, and positioning, and once key levels break, moves tend to accelerate quickly as the dominoes begin to fall.

Bitcoin

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