According to Odaily Planet Daily, 10x Research stated in its market analysis that Bitcoin has experienced a volatile adjustment since mid-March, including four local lows. A break above the $65,000 level would mark a reversal of this downward trend, suggesting that Bitcoin may once again aim for levels above $70,000. Bitcoin could reach an all-time high in the fourth quarter of this year. The shift in the investment landscape has triggered a pursuit of high-risk, high-return assets.

Additionally, altcoin volumes have surged, with a shift away from Bitcoin (which was the top choice for South Korean traders in August) toward higher-beta alternatives.