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10x Research: Bitcoin Hits New Highs Driven by Macro-Economic Changes, Not Market Speculation

Summary: According to 10x Research, the recent surge in Bitcoin to new highs is not driven by market speculation, but by deeper macro-economic changes. The increase in the US $5 trillion debt ceiling, massive deficit spending, and an upcoming crypto policy report from the Trump administration are reshaping the macro landscape. The report suggests that Bitcoin ...

According to 10x Research, the recent surge in Bitcoin to new highs is not driven by market speculation, but by deeper macro-economic changes. The increase in the US $5 trillion debt ceiling, massive deficit spending, and an upcoming crypto policy report from the Trump administration are reshaping the macro landscape. The report suggests that Bitcoin has transformed into a macro asset hedging against unrestrained fiscal spending, with a fundamental shift in narrative logic. The FOMC meetings on July 22nd and 30th could be key catalysts in redefining Bitcoin's role in the financial system. Data shows that seasonal factors in July, a surge in bullish options buying, and a short squeeze have all contributed to this latest rally.

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Link: 10x Research: Bitcoin Hits New Highs Driven by Macro-Economic Changes, Not Market Speculation [Copy]

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