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Podcast: CoinDesk Podcast Network
Episode: Why 10x Research Sees a Bitcoin Drop to $50,000 This Summer | Markets Outlook
Description: As the crypto markets teeter on the edge, 10x Research founder, Markus Thielen, joined Consensus Live at Consensus Hong Kong to deliver a sobering reality check on bitcoin’s trajectory. Thielen explains why the recent volatility isn't just a temporary dip but the potential start of a deeper trend driven by institutional redemptions and a massive liquidity gap. He breaks down the technical "liquidity trap" that caught traders off guard following the 2024 election and explains how negative option gamma forced market makers into a selling frenzy.
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This episode was hosted live by Sam Ewe...