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Bitcoin Dominance Soars, But Key Indicators Flash Bearish Signals

  • Ethereum (ETH) facing challenges due to overleveraged futures positions and dwindling market liquidity.
  • 10x Research report questions the true nature of ETH ETF inflows and highlights broader systemic concerns in the crypto market.
  • Market liquidity reduction may hinder future price increases, while stablecoin flows suggest some major buyers are withdrawing as summer approaches.
  • Both Bitcoin (BTC) and Ethereum experiencing significant corrections, transitioning from a bullish trend to a bearish one.
  • 10x Research warns of potential bearish indicators for Bitcoin and Ethereum, with a focus on critical support levels being tested.
  • Ethereum vulnerable to breaking below $2,420, as highlighted in the report, with Bitcoin also at risk of a bearish shift.
  • Investors advised to exercise caution as bearish signals emerge in the cryptocurrency market.

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