ChainCatcher news, according to Decrypt, cryptocurrency research firm 10x Research analyst Markus Thielen pointed out that there have been some positive signs in the cryptocurrency market recently, including institutional interest in spot Bitcoin ETFs and the BTC price withstanding the impact of Mt. Gox's return of billions of dollars worth of Bitcoin.At the same time, 10x Research predicts that the recent decline in Bitcoin prices may just be the beginning of a larger drop, as the weak ISM report has impacted risk assets. Historically, when the ISM index peaks, Bitcoin tends to experience significant pullbacks (Note: The full English name of the ISM index is "Institute of Supply Management Manufacturing Index," which is an important data point released by the Institute for Supply Management that significantly reflects the prosperity of the U.S. economy and the trend of the U.S. dollar).10x Research noted that if the stock market follows the downward trend of the ISM index and even begins to anticipate an impending economic recession, the stock market could see significant declines in the coming quarters, which would also have a major negative impact on Bitcoin. If this occurs, Bitcoin prices could potentially return to the $50,000 level or even decline further.