"Bitcoin's recent gains, currently trading at $62,442.96 with a 5.11% increase, may be threatened by underlying market concerns. According to 10x Research's latest report, oversupply and weak fundamentals may pose risks for mid-term traders. Despite rebounding from oversold levels ahead of the CPI release, Bitcoin's price failed to sustain its gains. The trend of declining inflation may continue until October, potentially presenting challenges for the cryptocurrency market. Additionally, the market withstood a significant $3 billion sell-off from Germany, but larger sell-offs are anticipated in the coming weeks and months, which could further impact Bitcoin's price."