10 Bearish Signals Bitcoin Bulls Are Ignoring Right Now

Actionable Market Insights

Author

10x Research
May 28, 2025

Why This Report Matters

Bitcoin’s sharp rally since April has captivated investors, but signs are emerging that the engine behind this move may be running low on fuel. While price action remains strong, several critical momentum indicators are flashing early warnings.

Capital inflows from ETFs and institutional buyers like MicroStrategy appear to be slowing, just as volatility drops and retail interest wanes. Surprisingly, Asia has taken the reins in driving prices, yet this narrow buying window may not hold indefinitely.

With market euphoria building and valuations stretched, is this the calm before the storm—or just a summer breather? The data tells a compelling story that every serious crypto investor needs to see.

Our BTC Greed & Fear Index reached >90%, often a BTC consolidation follows.

Market Updates

Become a paying subscriber of Market Updates to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

Most comprehensive, unbiased digital asset research for traders and institutions:

  • • Receive 2-4 concise, informative Market Updates reports per week.
  • • We cover everything that impacts the price of Bitcoin and other major cryptos, from on-chain data to macro and market structure (funding rates, money flows, etc.). Our insights are trusted by some of the largest hedge funds and traders in the industry.
  • • You'll gain full access to our in-depth 'Market Update' analysis, informed by our experience at leading investment banks like Goldman Sachs, Morgan Stanley, and JP Morgan, as well as managing hedge fund capital at Millennium.
  • • We rigorously backtest our insights and are unafraid to call bullish or bearish market conditions. Our research is unique and grounded in solid financial analysis, offering perspectives you won't find anywhere else.
  • • --------------
  • • Our clients include hedge funds, traders, liquidity providers, exchanges, family offices, proprietary traders, institutions, high-net-worth individuals (HNWIs), CEOs of major listed Bitcoin mining companies, executives from crypto service providers, TradeFi portfolio managers, etc.