Bitcoin/SP500: Pay-to-Play Is Back

Empowering Traders with Insights

Author

10x Research
April 25, 2025

We now include a conclusion at the end of each report to help readers quickly grasp the key takeaways and core message.

Topics: SP500 Technicals, Trump Tariffs, Leverage, Bitcoin Options Strategy, Bitcoin ETF

👇1-22) No, the title doesn't refer to Trump’s private crypto meetings—where a select few seem to benefit disproportionately by having insider access, or to those suspiciously timed upside call option purchases ahead of tariff truce announcements, or even to closed-door sessions where Treasury Secretary Bessent drops subtle hints that send markets surging shortly after.

👇2-22) Instead, it points to trading strategies that now make sense to consider, as a broader market shift is underway—one that’s likely to catch many investors off guard.

SP500 - from top to bottom news flow - now at 5,500 resistance

👇3-22) The U.S. stock market is approaching a key technical level—one that initially acted as support in late February but turned into resistance in late March after momentum from the 90-day tariff truce announcement faded. While relatively straightforward trade agreements with countries like India, Israel, South Korea, and Japan were expected, negotiations with China remain contentious. Trump continues to suggest progress is being made, while Chinese officials deny that meaningful talks are even underway.

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.