Bitcoin’s Tight Range: Consolidation Ending, Long-Term Growth Expected

Bitcoin has settled into a tight range around the $110,000 mark, indicating an impending shift in market dynamics. 10x Research attributes this consolidation to complex interplay between capital flows and legacy selling, not just cyclical fluctuations. The firm’s analysis highlights that Bitcoin’s price is heavily influenced by new demand versus outflows, with fresh purchases currently lagging behind older coin distributions from institutional investors. 10x Research argues these dynamics have kept the market tight despite spot ETF inflows and positive sentiment from institutions.