On today’s Markets Outlook, 10x Research Founder and CEO Markus Thielen tells CoinDesk’s Jennifer Sanasie why he sees Bitcoin dropping even more before recovery, with $7B in ETF outflows since mid-May and MicroStrategy stepping back as the last real buyer. Plus, why he stays bearish on Ethereum, why he’s calling Hyperliquid overvalued, and why nothing turns around until the Fed goes dovish.
–
Timecodes:
00:00 Bitcoin Could Dip to $46K Before Year-End Rally
01:20 Bitcoin Falls Below $60K: What’s Driving the Selloff?
02:37 $4.5B in ETF Outflows, Saylor’s Bitcoin Sale, and Missing Catalysts
03:14 Why the Genius Act and CLARITY Weren’t Real Catalysts
05:00 When Does the Fed Turn Dovish? The Macro Case for a Rally
05:19 Kevin Warsh Nomination Was the Turning Point for Bitcoin
07:27 Why Bitcoin Could Break Below $50K to $46–47K
09:41 The 2022 Parallel: Grayscale’s SEC Win as the Sentiment Shift
11:06 Brand New Rails: Securitize Lists on NYSE
12:40 Where Does Bitcoin End the Year?
13:51 Why Markus Is Still Bearish on Ethereum
15:20 Stablecoin Activity Isn’t Accruing to ETH Holders
16:40 The Bull Case for ETH Has Broken Down
17:28 Hyperliquid Overvalued at $72?
18:33 Why HYPE Is Unlikely to Reach $100
19:46 What to Do Now: Covered Calls, Shorts, and Watching for the Low
–
This episode is brought to you by RealFi, a smarter stablecoin, backed by real-world assets. Find out more at realfi.co.
–
Ledn provides a secure and transparent way to access liquidity while maintaining your bitcoin holdings.
Perfect 8 year track record of keeping clients assets safe.
Don’t sell your bitcoin. Get a bitcoin-backed loan.
Check out your rate by using their loan calculator at ledn.io
–
JPEG Trading is a global proprietary trading firm specializing in cryptocurrency and decentralized finance markets. From market structure and liquidity provision to quantitative trading strategies, JPEG Trading operates across the full spectrum of blockchain-based assets. Follow @jpegtrading on X to stay ahead of the latest developments in digital asset markets: https://x.com/jpegtrading
–
This episode was hosted by Jennifer Sanasie.
Source: Original Article
