Bitcoin Market Sees Early Gains Despite Low Trading Volume

10x Research has noted that despite low Bitcoin trading volumes and negative funding rates, some early traders have managed to secure approximately 10% returns. According to Odaily, the firm suggests that many traders are waiting for macroeconomic catalysts or believe the bear market persists, which misinterprets the dynamics of the Bitcoin market. They argue that the end of a bear market is typically not triggered by a single news event but rather by improving indicators, changes in risk-reward ratios, and when most participants have not yet entered the market. 10x Research mentioned that they turned bullish a month ago, observing some improvement in market sentiment, although position follow-through remains insufficient. They also caution that risks are still present in the current market, emphasizing the importance of proper hedging and position management.