10x Research: The recent strength of bitcoin is mainly driven by market positioning structure and has little to do with the Middle East conflict.

ChainCatcher news, 10x Research posted on X platform stating that the current price movement of bitcoin is not mainly driven by negative news such as Middle East conflicts, but is more influenced by changes in market position structure.

Over the past two weeks, there has been a significant adjustment in the market position structure, and these changes are gradually motivating traders to push bitcoin towards the next stage of the market. The bitcoin options trade proposed by the institution two weeks ago has now achieved approximately +72% returns, and the technical structure continues to strengthen.

Recently, the market has shown a series of attractive risk-reward signals. Although some traders are still puzzled by bitcoin's resilience in the face of negative news, the market's sensitivity to news flow is currently decreasing, while its response to positions, capital flows, and market structure is strengthening.

By focusing on positions, capital flows, and technical signals rather than simply relying on news events, investors may be able to better judge bitcoin's next move and make corresponding arrangements.