**[10x Research: Bitcoin's Bear Market Bottom Window is Approaching]** Odaily Planet Daily reports that 10x Research has released its latest market report, stating that Bitcoin traders have long misinterpreted the indicators of "global money supply" and "global liquidity," while the movement of the U.S. dollar is one of the key factors influencing Bitcoin's price. 10x Research points out that the U.S. dollar is currently strengthening across multiple dimensions, and historical experience shows that a stronger dollar is typically unfavorable for Bitcoin. According to their dollar model, it has only triggered six sell signals since 2011, with the last occurrence in November 2025, followed by several months of Bitcoin price declines. The report also notes that the global liquidity indicator, which was widely circulated in the crypto community last year, has been misused by the market. Based on their research framework, this indicator issued a buy signal in early March this year and a sell signal at the end of April. The team has also calculated the potential timing of the next trigger window. 10x Research states that the report combines the U.S. dollar's movement, global liquidity, and other macroeconomic drivers to analyze the potential time and value range for the current bear market's bottom. They believe the time window corresponding to Bitcoin's cyclical low is gradually approaching.