10x Research: Cryptocurrencies and Related Stocks Enter a Critical Turning Point

10x Research posted on X that cryptocurrencies and related stocks are entering a critical turning point, with inflation falling faster than expected and position allocations reaching extreme levels. Despite earnings reports falling short of expectations, a certain exchange has quietly rebounded, and several mining companies shifting to the AI sector have attracted billions of dollars in institutional funds and long-term infrastructure investment. Bitcoin stabilized after forced liquidations, and whales have started accumulating, but structural risks remain unresolved. MicroStrategy announced that future acquisitions will prioritize the use of perpetual preferred stock to optimize its capital structure, with unrealized losses reaching $4.8 billion.