10xResearch: Most traders are still on the sidelines, with early Bitcoin bulls leading by about 10% Odaily Planet Daily News: 10x Research has published an article stating that although Bitcoin trading volume is still low and funding rates remain negative, some early traders in the market have already laid out in advance and achieved a return of about 10%. It believes that many traders are still waiting for macro catalysts or believe that the bear market has not yet ended, but this misunderstands the way the Bitcoin market operates. "The end of a bear market is often not triggered by a single news, but by improvements in indicators, changes in risk return, and when most participants have not yet entered the market. 10x Research stated that it had turned bullish a month ago, and although market sentiment has improved, there is still insufficient follow-up on positions. It also reminds that there are still risks in the current market, and reasonable hedging and position management are still important.