10x Research: The underlying market structure and fundamentals have gradually weakened, and September may usher in a key turning point
10x Research posted on social media stating that although it remains optimistic about the medium to long-term prospects of digital assets, caution is needed in the short term. Despite the V-shaped rebound in the market after the downturns in early May, early July, and early August, the potential market structure and fundamentals have gradually weakened. As a result, each subsequent downturn has become deeper, and the subsequent recovery has been more moderate. The latest end-of-month data indicates that we may be approaching a key turning point in September, characterized by a decline in demand.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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