10x Research: BTC and ETH rebound significantly, but it is not recommended to heavily invest in cryptocurrency stocks

10x Research stated on the X platform that Bitcoin and Ethereum have exceeded market expectations in this round of gains, with crypto stock Circle rising about 103% since February 20th, mainly driven by hedge fund short covering. On February 27th, 10x Research suggested investing in Bitcoin's $75000/$80000 price differential option (expiring on March 27th), which currently yields a return of 155%. Although some institutions have shifted towards high resilience cryptocurrency stocks such as Strategy, Metaplanet, and Bitmine, overall trading volume remains low. 10x Research believes that it is currently more suitable to obtain investment exposure through Bitcoin spot, options, and perpetual contracts, rather than heavy holdings in cryptocurrency service stocks such as Coinbase. The next stage of the market trend still needs to be observed.