Data: 10x Research: Bitcoin is bearish in the short term, with price trends influenced by policies and capital flows

According to a post by 10x Research, Bitcoin (BTC is currently below the 7-day moving average: bearish, below the 30-day moving average: bearish, with a weekly increase of +1.8%) declined after remarks from Federal Reserve officials, as market expectations for future interest rate cuts became cautious, suppressing demand for risk assets.

Strategy announced quarterly profits, benefiting from its Bitcoin holdings, which further strengthened institutional demand. The momentum for U.S. cryptocurrency legislation and ETF applications continues to grow, sustaining the long-term bullish sentiment for Bitcoin. Amid the interplay of macro factors and institutional capital strength, BTC fluctuates around the low of $110,000, with price movements clearly influenced by policies and capital flows.