The Crypto Analyst Who Predicted Bitcoin’s (BTC) Rally to $70K Has Turned Bearish

Blockonomics
Bitcoin ETF inflows. (10x Research)
Paxful

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“Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields surpassing 4.50%, we may have arrived at a crucial tipping point for risk assets,” Markus Thielen, founder of 10X Research, said in a note to clients Tuesday.

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