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10x Research delivers institutional-grade, actionable insights through Market Updates, Trading Signals, and Trading Strategies—here’s what we published this week.
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Market Update
Did Binance Just Socialize Hundreds of Millions in Losses—Triggering a New Wave of Altcoin Liquidations?
Oct 19: During the $19.6 billion crypto liquidation event, long liquidations on Binance accounted for only 59% of all liquidations—far lower than the 90%+ seen on other exchanges. This divergence highlights the role of ADL (Auto-Deleveraging), a risk mechanism employed by derivatives platforms such as Binance to protect the system when liquidations can’t be filled quickly enough during volatile market moves. In a crash, ADL may automatically close or reduce profitable positions held by other traders, often market makers or market-neutral funds, to offset the losses of bankrupt accounts.
Market Update
After the Magic: How Bitcoin Treasury Firms Must Evolve Beyond NAV Illusions
Oct 17: The age of financial magic is ending for Bitcoin treasury companies. They conjured billions in paper wealth by issuing shares far above their real Bitcoin value—until the illusion vanished. Now, those once-celebrated NAV premiums have collapsed, leaving investors holding the empty cup while executives walked away with the gold. The question isn’t whether the trick worked—it’s what comes next when the smoke clears. With volatility falling and the easy gains gone, these firms face a hard pivot from marketing-driven momentum to real market discipline. The next act won’t be about magic—it will be about who can still generate alpha when the audience stops believing.
Market Update
Bitcoin: Knowing When to Bet BIG — and When Not to Bet at ALL
Oct 16: Bitcoin investors who entered the market only in recent years tend to be the most vocal advocates of “HODLing” through bear markets. At the same time, legacy investors and experienced traders make their decisions based on proven indicators and market signals. For Bitcoin traders, however, three key indicators help determine when to bet big and when to stay out altogether. We’ve discussed these indicators frequently, and while most of our readers are already familiar with them, it’s worth revisiting them once more. Given Bitcoin’s current levels, these indicators matter now more than ever.
Market Update
Are Circuit Breakers Coming to Crypto? What Would That Mean for the Market?
Oct 15: A system meant to provide liquidity instead amplified chaos, forcing even the biggest players to rethink how risk is managed. Behind the scenes, data transparency, insurance funds, and automated liquidation engines all played a much bigger role than most traders realize. Now, a debate is emerging that could redefine crypto market structure: should exchanges introduce circuit breakers like in traditional finance? Such a move could permanently change how volatility behaves—and who profits from it.
Market Update
The ONE Bitcoin Trading Rule That Separates Winners from Losers
Oct 14: Volatility has returned with a vengeance, and traders are struggling to distinguish between noise and opportunity. Bitcoin is hovering between two critical “risk-off” levels, while the altcoin landscape is reshaping faster than most realize. Beneath the surface, funding rates, positioning resets, and volatility premiums are quietly creating asymmetric setups that few are watching. Retail narratives won’t drive the next move—but by structural capital flows and the way TradFi now trades crypto.
Market Update
Anatomy of the Crash. This Altcoin Might have +100% Upside NOW
Oct 13: Markets rarely break this violently twice in a cycle — yet this time, the catalyst came from Washington, not Wall Street. A single tweet about a tariff triggered one of crypto’s largest liquidations on record, exposing structural flaws in leverage, collateral, and stablecoin design. Behind the chaos, the real story is who quietly profited while everyone else was forced to sell. As liquidity drained and altcoins imploded, select players captured record fees and mint flows. Now, with volatility still elevated but leverage reset, one forgotten token may offer an asymmetric rebound.
Market Update
10x Weekly Crypto Kickoff – ETF Inflows Are Rising While Leveraged Traders Panic
Oct 13: ETF inflows remain robust, but positioning data shows traders are far from confident. China and Trump may talk stabilization, yet uncertainty still defines the path to APEC. The question now isn’t whether the bottom is in — it’s whether the cleanup is setting the stage for the next asymmetric rally. Our latest 10x Weekly Crypto Kickoff breaks down where conviction buyers are quietly stepping back in while most are still on the sidelines.
Trading Signals
Crypto Trends Chart Book: Understand What is Moving in the Market and Why
Oct 19: See details inside.
Trading Signals
10x Derivatives Edge: BTC & ETH Volatility/Options Analysis
Oct 18: Details inside.
Trading Signals
Adding this altcoin...
Oct 15: See details inside
Trading Strategy
What History Says About How This Bitcoin Bull Market Ends
Oct 16: The report below examines how each of the previous Bitcoin bull markets peaked, while the follow-up report will outline the specific indicators we are tracking to determine how this current cycle might unfold.
Trading Strategy
Inside Metaplanet’s Boom and Bust: Lessons and Strategies for Bitcoin Treasury Companies (DATs)
Oct 13: See details inside
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