10x Research: Bitcoin supply tightening may come, making it increasingly difficult to obtain stable returns through altcoins

According to 10x Research analysis, Bitcoin may face supply tightening, although the market still lacks key market structure data support. They pointed out that there are many positive signals in the market at present, including factors such as on chain data, seasonal trends, breakthrough indicators, the Chinese Spring Festival effect, the neutral Federal Reserve policy and the crypto friendly president. However, these factors have not yet resonated with the market structure. In addition, 10x Research also mentioned that in the current bull market, it has become increasingly difficult to obtain stable returns through altcoins. During the period from the November 5th US election to the December 6th/9th employment report, altcoins performed strongly, but the hawkish stance of the Federal Reserve in mid December subsequently put pressure on the market.