[10x Research: The Main Reason for Bitcoin's Decline is Macro Forces] According to an article by 10x Research, Bitcoin's recent decline is primarily influenced by macro forces and is unrelated to threats from quantum computing or fluctuations in AI sentiment. MicroStrategy's tentative sale of $2 million worth of BTC is a managed operation, not a forced liquidation. Currently, MicroStrategy holds 843,700 BTC, with debt and preferred stock obligations amounting to approximately $22.2 billion. The critical price for equity to reach zero is $26,000. 10x Research points out that the market is in a bottoming phase, and a new bull market will require fresh faces and new narratives to attract buyers.