According to Odaily, 10x Research's latest market report highlights ongoing market concerns due to oversupply and weak fundamentals, posing potential risks for mid-term traders. Last week, Bitcoin appeared to rebound from oversold levels ahead of the Consumer Price Index (CPI) release, which was expected to show a decline. However, since this was widely anticipated and Bitcoin had already risen, the price could not sustain its gains. This trend of declining inflation may continue until October, when year-over-year data will present more challenges.
Bitcoin withstood a $3 billion sell-off from Germany, despite experiencing nearly a 20% pullback at its lowest point. However, larger-scale sell-offs are expected in the coming weeks and months, which could further impact the market.