ChainCatcher news, the 10x Research report indicates that Bitcoin's upward trend has resumed after a brief consolidation. Cryptocurrency exchanges are experiencing massive capital outflows, significantly reducing the availability of Bitcoin on trading platforms. At the same time, OTC inventories are also insufficient. These factors collectively suggest that Bitcoin's price may be boosted. Furthermore, based on its trading model indicators, it is predicted that by January 20, 2025, during Trump's inauguration, Bitcoin could rise to $120,000.It is worth noting that MicroStrategy is not included in the S&P 500 index but is included in the Nasdaq 100 index, which may drive increased buying activity this week. Additionally, the company may issue more convertible bonds to expand its Bitcoin holdings, making a significant rise in Bitcoin this week highly likely.

ChainCatcher news, 10x Research posted on social media that more and more people believe there is a supply crunch for Bitcoin, especially as Bitcoin ETFs and MicroStrategy continue to accumulate, reducing the available supply of Bitcoin and laying the groundwork for a potential "squeeze" market.In the past 30 days, centralized exchanges have recorded a net outflow of 124,000 Bitcoins. Coinbase, which has the largest Bitcoin reserves, saw an outflow of 72,000 Bitcoins, accounting for nearly 10% of its total balance. Binance experienced an outflow of 29,000 Bitcoins, leaving 570,000 remaining. Other major exchanges, such as Gemini, OKX, and Kraken, also experienced significant outflows, with Kraken's outflow accounting for about 7-8% of its holdings.If these trends continue and demand remains strong, the market may face a serious Bitcoin supply crunch. In particular, the introduction of Bitcoin ETF options could further exacerbate this situation, triggering additional gamma squeezes and amplifying upward price momentum.

ChainCatcher news, 10xResearch posted on social media that, contrary to popular belief, it believes that the price of Bitcoin is driven by demand rather than changes in the supply of BTC itself (mining).Each cycle of Bitcoin's five bull markets has been driven by innovations in how investors acquire it, from the creation of early spot trading platforms to the use of contracts, unsecured loans, spot Bitcoin ETFs, and now options on these ETFs.This development highlights the increasing integration of Bitcoin with traditional financial markets, and the regulatory approvals from U.S. agencies such as the CFTC and SEC have accelerated this trend, as these agencies have legalized Bitcoin-related financial products over time.

ChainCatcher news, 10x Research released an analysis stating that as the Christmas holiday approaches, the market environment has become more cautious, and the risk of expanding sideways consolidation has also increased. Retail trading volume has significantly decreased, with cryptocurrency trading volume in South Korea dropping from a peak of $25 billion to the current $6.7 billion.Similarly, Binance's spot trading volume has fallen from $60 billion to $24 billion, indicating a loss of overall momentum. Given these trends, now is a wise time to reduce leverage, consolidate positions, and focus on high-conviction core assets.Historically, when the Bitcoin price reaches 4 times its total cost basis (MVRV ratio), it typically triggers large-scale profit-taking, marking the peak of a bull market. Currently, the MVRV ratio is at 2.7 times, which we refer to as the "mid-cycle peak," during which many investors begin to consider taking profits.For Bitcoin, the key support level is at $95,000. If it breaks above $100,000, this could be a strong buying opportunity, but if it falls below $95,000, traders should proceed with caution and carefully manage risk.

ChainCatcher news, cryptocurrency research institution 10x Research announced that it will release its Bitcoin price target forecast for 2025 next week. The institution stated that this forecast will utilize the framework and models it previously used to successfully predict several important market nodes. It is reported that 10x Research accurately predicted the cycle low in October 2022, as well as a price target of $63,000 during the Bitcoin halving.In July 2023, the institution predicted that Bitcoin would reach $125,000 by the end of 2024, a target that now seems achievable. Meanwhile, its price prediction for the end of 2023 was only 3% off from the actual closing price.

ChainCatcher news, cryptocurrency research institution 10x Research has released a latest report stating that ETH is currently testing the upper boundary of a large triangle pattern. If the breakout is successful, the price is expected to first reach the 2024 high of $4092 and may further challenge the all-time high of $4812.The institution stated that the prediction of Paul Atkins potentially being appointed as the next SEC chairman seems to be coming true, and it is expected that under his leadership, a more favorable regulatory environment for the cryptocurrency industry will be created.

ChainCatcher news, on Tuesday, the court ruled that immutable smart contracts do not constitute property and cannot be sanctioned under current law, a significant victory for privacy advocates, some observers claim.10X Research stated in a report to investors on Wednesday: "While this ruling does not recognize money laundering, it sets a precedent that allows programmers to develop and publish smart contract protocols without fear of sanctions and without charging fees." This move also provides developers with clearer insights into what they can build without falling under regulatory scrutiny, especially on Ethereum, "as Ethereum remains the main hub for DeFi, this decision has positive implications for the broader DeFi ecosystem and other protocols (especially on the Ethereum network). This could have a huge impact."Former Coinbase CTO and prominent cryptocurrency entrepreneur Balaji Srinivasan stated on X on Wednesday: "Privacy won. Smart contracts won. Tornado Cash won. And OFAC lost."

ChainCatcher news, 10x Research released a report stating that the Google search trend for "Meme Coins" has reached an all-time high, surpassing the previous peak in March 2024. Since the election, retail speculation has significantly increased, and the sharp rise in altcoin spot trading volume is a clear indication of this. The search volume for altcoins is also catching up, with a search score reaching 70, the highest level since November 2021.

ChainCatcher message, the Binance futures platform will launch HIPPOUSDT and 1000XUSDT perpetual contracts on November 13, 2024, at 20:30 (UTC+8), with a maximum leverage of up to 75 times.

ChainCatcher news, encrypted KOL 0xWizard posted on platform X stating, "Binance listed ACT without charging a listing fee. I have been in the ACT community since day one, so I understand the situation well. The ACT community had prepared 2% of the tokens for listing on trading platforms, and Binance did not charge for this portion."

ChainCatcher news, according to CoinDesk, as the U.S. presidential election approaches, the market is betting on potential significant price volatility, which could pose challenges for trend traders. In light of this, 10x Research recommends a prudent hedging trade involving Bitcoin and Solana as a tactical choice to cope with the expected market turmoil triggered by the election.Markus Thielen, founder of 10x Research, stated in a report to clients on Monday that tactical trading related to the election may involve going long on Bitcoin and shorting Solana. The election results will have a profound impact on digital assets, including the potential approval of U.S. ETFs linked to alternative cryptocurrencies like SOL. If Harris wins, the likelihood of these ETFs being approved may decrease, potentially leading to a 15% drop in Solana's price, while Bitcoin's decline may be more limited, around 9%; if Trump wins, SOL, BTC, and Ethereum could rise by about 5%. In the event of a potential Trump victory, BTC and ETH may see greater gains than SOL, as spot ETFs linked to Bitcoin and Ethereum are already trading in the U.S. and have attracted billions of dollars in investor funds this year.The U.S. will vote to elect a new president in a few hours. According to the latest reports, the presidential race is tight, with Democrat Harris and the reportedly crypto-friendly Trump neck and neck in several swing states. According to Thielen, another reason for shorting SOL is that the daily transaction fees on the Solana network have dropped to $2.5 million, whereas, according to data from Artemis and TokenTerminal, this fee had reached a historical high of $5 million on October 24. Historically, similar declines in fees have put pressure on token prices.

ChainCatcher news, cryptocurrency research firm 10X Research predicts that current market trends and upcoming global events could drive Bitcoin's market price to $100,000 by January 2025.10X Research states that this target price is based on its model, which has an accuracy rate of up to 86.66% based on the recent 15 signals, performing well.The researchers said: "When Bitcoin reaches a new six-month high for the first time in six months, as it recently did, we typically see an average return of 40% over the next three months. Considering the above calculations, by January 27, 2025, the price of BTC is expected to rise by 40% from the current $73,000 to over $101,000."

ChainCatcher news, 10x Research has released a Bitcoin price prediction report on the X platform, forecasting that Bitcoin will reach an all-time high in the fourth quarter of 2024. This prediction is based on two active buy signals, indicating a strong bullish trend in the Bitcoin market this quarter.10x Research states that its quantitative strategy model successfully predicted the start of the bull market at the end of 2022 and achieved an accuracy rate of 1% in its price prediction for the 2024 halving, providing a solid foundation for its current optimistic forecast.

ChainCatcher news, the Solana ecosystem Memecoin SHAR launched last night, reaching a market cap of over $50 million, and then plummeting to a market cap of $3 million, a drop of 95%.On-chain detective ZachXBT tweeted that the Meme token SHAR on Solana involves a conspiracy group and KOL manipulation.In response, crypto KOL 0XSun stated, "I did accept a collaboration for this project, but the reason I chose to collaborate was that after reviewing the materials initially, I felt this project was relatively reliable and had profit opportunities, rather than just for promotional fees. Moving forward, on one hand, I will contact CLS and some friends who may have information about the project party to try to get the project party to compensate for the losses, and on the other hand, I will also try to avoid such collaborations. In the future, for any paid promotional collaborations, I will clearly state this to ensure transparency."Previous news reported that according to Lookonchain monitoring, an insider sold 500 million SHAR (50% of the total supply) in a single transaction for 19,620 SOL ($3.38 million), causing the SHAR price to plummet by 96%.

ChainCatcher news, 10x Research posted on social media that the 10-year Treasury yield has risen from 3.6% at the September FOMC meeting to 4.2% (+60 basis points). As the yield broke above 4.0%, Trump's election probability increased to 60%, intensifying market concerns about inflation. Higher bond yields typically indicate fewer rate hikes in the future. On October 4, non-farm payroll data exceeded expectations, adding 254k jobs, and subsequently, Trump began his campaign activities, further boosting his election probability. This rise in yield led to adjustments in U.S. small-cap stocks (Russell 2000) and Bitcoin.

ChainCatcher news, 10x Research released a report stating that the Bitcoin and cryptocurrency market is still focused on the key data point that may break through $70,000. Although Bitcoin performed strongly over the weekend, the price has since retraced due to emerging macro and microeconomic challenges. However, it believes these are only temporary setbacks and expects Bitcoin's upward trajectory to resume soon.10x Research also stated: "Since the FOMC meeting, Bitcoin has surged 18%, driven by Powell's confirmation that the Federal Reserve will continue to cut interest rates. While this indicates a strong bullish momentum, we advise investors to closely monitor the 10-year Treasury yield. The increasing likelihood of Trump's election may force the Federal Reserve to pause interest rate cuts earlier in response to his growth-promoting policies. Although the market still expects a rate cut in November or December, rising bond yields are shifting the focus to inflation, especially if global trade is constrained by Trump's tariff policies, countries may need to adopt strategies that favor domestic growth."

ChainCatcher message, according to on-chain analyst @ai_9684xtpa monitoring, GSR Markets transferred 440 million GALA to address 0xB44...68459 in the past five hours, worth 10.55 million USD, which is also the highest amount of GALA transfer by GSR in the past year.Currently, GALA has become the asset with the highest value in the receiving address's holdings, and it has not been transferred or sold yet.