CRYPTO MARKET RESEARCH FROM 10X RESEARCH
Two to three reports a week on Bitcoin, Ethereum and the altcoin market: flows, positioning, the macro calendar and what portfolio managers should do about it. Written by Markus Thielen, formerly of Morgan Stanley, JPMorgan and Millennium.
Free: the Monday kickoff preview and report teasers. Paid ($948/yr): every full report and the complete archive. Compare plans
in assets managed by the hedge funds, asset managers and traders who read us
readers on the 10x Research lists
where Markus regularly discusses the market
reports, every Monday kickoff and Friday One Liners included
WHERE WE STAND
Subscribers can check our current view on every major asset on a single page. If you're new, read one complete report before you decide.
FREE SAMPLE · FULL REPORT
[Date] · [X] min read
The complete report, exactly as subscribers received it: the analysis, every chart, and the portfolio guidance. Nothing held back.
What we saw in the data
What we told portfolio managers to do
What happened next
Read a sample reportSubscribers: log in once and every report below opens in full.
LATEST
Every report belongs to a series, so you can follow the ones you use and skip the rest.
ACROSS 10X RESEARCH
Market Updates covers the core crypto market. These go further: macro across asset classes, specific trade ideas, and strategy for allocators.
10X MARKET UPDATES · PAID
Free readers see the setup of each report. Subscribers get the full analysis, the charts, Latest Views, and the section that matters most to a PM: what to do with it.
✓ Every report in full, 2–3 a week
✓ Latest Views: our current view on every major asset, on one page
✓ Monday kickoff with portfolio guidance for the week
✓ Friday One Liners: the week’s crypto catalysts in charts
✓ Multi-part deep dives on what is actually moving tokens
✓ The full searchable archive
No trials. Read the free sample first.
Need more than Market Updates?
$948/yr
Core crypto research. Where most readers start.
$899/yr
Cross-asset macro: the dollar, gold, commodities, equities and frontier tech, always tied back to digital assets.
$2,425/yr
Includes Market Updates, plus high-conviction trade ideas, Crypto Trends & Catalysts, The Volatility Edge and dashboard access.
$10,000/yr
Every 10x publication, for institutions.
Buying for a fund or team? We offer firm access and invoicing.
10x Research is run by Markus Thielen, a former hedge fund CIO with more than two decades in global macro, cross-asset strategy and portfolio construction at Morgan Stanley, JPMorgan and Millennium Capital. He founded the firm in Singapore in November 2023. He is the author of Crypto Titans (available on Amazon) and appears regularly on CNBC and Bloomberg.
We publish four research products for professional investors, family offices and active traders in Asia, Europe and North America. Each one starts from the data and the market regime and ends with a clear view on what to do. Markus called the 2022 Bitcoin low in late October 2022, and we published our $125,000 target in July 2023, when consensus was still bearish. In October 2025, we called for a Bitcoin bear market and in August 2026 for a new bull market. Our work is cited by Bloomberg, CNBC and CoinDesk. When our view changes, we say so.
Who is this for?
Portfolio managers, family offices, professional traders and serious private investors who allocate to crypto and want a clear view, backed by data, on where the market is heading.
What do I get each week?
Two to four reports. Every Monday, the Weekly Crypto Kickoff sets out the week ahead and what portfolio managers should do. Every Friday, One Liners covers the week’s most important catalysts in charts. In between come timely notes when positioning or flows change, multi-part deep dives, and access to Latest Views and the full archive.
How do I judge whether you’re any good?
Read the sample report. It is a complete report, published exactly as subscribers received it, so you can compare what we said with what happened. Latest Views also shows when each of our current views was set.
There is plenty of crypto research online. Why pay for this?
Most of it describes what has already happened. We focus on positioning, flows and market regime to form a view before the move, and every report ends with what to do about it.
Is there a trial?
No. Sign up for the weekly briefing and read the sample report first. If the work fits how you invest, subscribe.
Can my firm subscribe, or pay by invoice?
Yes. We offer firm access and invoicing for funds and teams.
How is Market Updates different from your other publications?
Market Updates is our core crypto research. Trading Signals includes it and adds specific trade ideas, altcoin coverage, volatility research and the dashboard. What Matters covers equities and cross-asset. CIO Strategy includes everything plus a focus on crypto equities, Bitcoin regimes and crypto factors.
Can I cancel?
Subscribers can cancel at the end of each term.
Is this investment advice?
No. 10x Research publishes research for informational purposes only. See the Terms and Disclaimer.
Upgrade when you want the full report.