Bitcoin News

Story: Protect Bitcoin Exposure with Ether Shorts, Says 10x Research

By Maheen Hernandez

1 / 15

Weak Demand Signals Trouble for Ethereum. One of the key factors influencing this bearish outlook for ETH is the slowdown in demand from…

2 / 15

Options Market Shows Growing Bearish Sentiment. Data from the Deribit options exchange further supports the bearish sentiment toward Ethereum.

3 / 15

Google Trends Reflect Weak Retail Interest. Beyond institutional activity, 10x Research also pointed to a decline in Google search trends for…

4 / 15

Bitcoin’s Position Strengthens Amid Institutional Demand. While Ethereum struggles, Bitcoin continues to attract strong institutional and treasury demand.

5 / 15

Ethereum Faces Challenges Despite Long-Term Optimism. Despite the near-term weakness, analysts remain optimistic about Ethereum’s long-term…

6 / 15

Market Overview. As of the latest data, Ether traded around $3,815, marking a 3% decline in the past 24 hours,…

7 / 15

A leading crypto research firm, 10x Research, has advised investors to hedge their bullish Bitcoin (BTC) positions by taking short positions on Ethereum (ETH).

8 / 15

According to Markus Thielen, founder of 10x Research, Bitcoin continues to demonstrate stronger institutional demand and market resilience, while Ethereum is struggling to…

9 / 15

“Our altcoin model continues to favor short ETH versus long BTC,” Thielen wrote in his client note published Friday.

10 / 15

One of the key factors influencing this bearish outlook for ETH is the slowdown in demand from Bitmine Immersion Technologies, one of the year’s most significant Ethereum buyers.

11 / 15

This decline in retail and institutional participation limits Bitmine’s ability to raise fresh capital, reducing the firm’s purchasing power in the Ethereum market.

12 / 15

Thielen explained that this lack of liquidity could weigh heavily on ETH’s short-term performance:

13 / 15

“If Bitmine is tapped out, so is Ethereum’s upside, at least for now.”

14 / 15

By contrast, Bitcoin’s options market has surged in bullish activity. Open interest for BTC options recently climbed to a record $50 billion, mostly driven by demand for call…

15 / 15

This divergence between the two largest cryptocurrencies reflects a clear shift in investor preference toward Bitcoin, which continues to attract more capital inflows and…

The Currency Analytics

Want the full story?