[10x Research Founder: Bitcoin May Reach $90,000 by Year-End, Ethereum May Underperform Bitcoin] According to Cointelegraph, Markus Thielen, founder of 10x Research, stated that the era of consecutive double-digit surges in Bitcoin is over, and Wall Street traders and profit-taking whales are reshaping the market. Institutional traders selling call options after rallies have made Bitcoin's earlier dramatic price surges less frequent. Thielen estimates that market makers may account for half of the $60 billion in net inflows into spot Bitcoin ETFs that he analyzes. These companies hold ETF shares to hedge option trading, which does not necessarily indicate a bullish view on Bitcoin. He still expects Bitcoin to reach $90,000 by the end of the year, but it may first fall to the $77,000 to $79,000 range.