BTCBitcoinBullish(Nuanced)BitcoinQQQNasdaqNeutralNasdaqSPYS&P 500NeutralS&P 500

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1M: −13.6% 2M: −21.6% 4M: −13.3% 6M: +3.5% 1Y: +53.9% It hurts first. Then it beats the S&P 500 (+14.3%), Nasdaq (+23.1%) and gold (+18.5%) over 12 months. While drawdowns of this velocity test conviction, an 80-year historical lens indicates that post-election volatility spikes typically mark cyclical exhaustion rather than structural regime breaks. With Democrats taking Capitol Hill, higher baseline deficit spending and entitlement expansions are set to accelerate currency debasement trends. Below, we break down the historical precedent across past post-midterm cycles and explain why patient capital should view this washout as an attractive entry point. How would we capitalize on the Post-Midterm Clearing Event? Full analysis → https://t.co/MSF0fpfpSw

Bitcoin after a US midterm election, average return: 1M: −13.6% 2M: −21.6% 4M: −13.3% 6M: +3.5% 1Y: +53.9% It hurts first. Then it beats the S&P 500 (+14.3%), Nasdaq (+23.1%) and gold (+18.5%) over 12 months. While drawdowns of this velocity test conviction, an 80-year historical lens indicates that post-election volatility spikes typically mark cyclical exhaustion rather than structural regime breaks. With Democrats taking Capitol Hill, higher baseline deficit spending and entitlement expansions are set to accelerate currency debasement trends. Below, we break down the historical precedent across past post-midterm cycles and explain why patient capital should view this washout as an attractive entry point. How would we capitalize on the Post-Midterm Clearing Event? Full analysis → https://t.co/MSF0fpfpSw

BMNRBitmineNeutralBitmineETHEthereumBearishEthereum

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Ethereum has dropped 17% since our trend model turned bearish on October 8, and the downtrend persists. We covered our short last week, and that may have been early. This report goes back to the question that matters for allocators: is there still a fundamental case for owning ETH? We look at what has happened to fees since the Merge and the Dencun upgrade, why staking yields can’t compete with Treasuries, what stablecoin flows are telling us, and how much of the price depends on a single buyer. We also compare eight years of backtests across buy-and-hold, breakout and trend strategies, and the results may surprise anyone still treating Ethereum as a core holding. Full report: https://t.co/t9PwGwtDvf

What Would Ethereum Be Worth Without Bitmine? Ethereum has dropped 17% since our trend model turned bearish on October 8, and the downtrend persists. We covered our short last week, and that may have been early. This report goes back to the question that matters for allocators: is there still a fundamental case for owning ETH? We look at what has happened to fees since the Merge and the Dencun upgrade, why staking yields can’t compete with Treasuries, what stablecoin flows are telling us, and how much of the price depends on a single buyer. We also compare eight years of backtests across buy-and-hold, breakout and trend strategies, and the results may surprise anyone still treating Ethereum as a core holding. Full report: https://t.co/t9PwGwtDvf

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What Would Ethereum Be Worth Without Bitmine?

Weak fees, uncompetitive staking yields and single-buyer dependence undermine ETH as a core holding

NeutralQQQNasdaqNasdaqSPYS&P 500S&P 500

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Gold after a midterm election, average return: 1M: +2.5% 3M: +7.7% 6M: +9.5% 1Y: +18.5% Gold starts faster than stocks (S&P +1.3%, Nasdaq +1.6% after one month) and still beats the S&P 500 over 12 months. While drawdowns of this velocity test conviction, an 80-year historical lens indicates that post-election volatility spikes typically mark cyclical exhaustion rather than structural regime breaks. With Democrats taking Capitol Hill, higher baseline deficit spending and entitlement expansions are set to accelerate currency debasement trends. Below, we break down the historical precedent across past post-midterm cycles and explain why patient capital should view this washout as an attractive entry point. How would we capitalize on the Post-Midterm Clearing Event? Full analysis → https://t.co/MSF0fpfpSw

BTCBitcoinNeutralBitcoin

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Bitcoin: Why Buy-and-Hold Stalled and What Comes Next Many newer Bitcoin investors are committed to buy-and-hold. After an annual return of just 2.3% over the past five years, that conviction is being tested. Buy and hold has done well over 10 years, but the market has changed, and the last five years have been much harder. In this report, we explain why, which data points investors should watch, and how to act on them. Bitcoin doesn’t move in a vacuum, and neither do the flows behind it. A clear framework and a consistent process lead to better decisions. This report sets out what drives Bitcoin and how our process tells us when to be bearish, neutral, or bullish. We are also adding a new section to our Market Updates landing page (https://t.co/4PKimhmo8O). It shows our current views and links to the key reports behind them, so subscribers can quickly find what matters. We will update those reports whenever our view changes materially, across all 10x Research publications. Anyways, the full report on why buy-and-hold stalled, which indicators investors should be monitoring, which strategy has actually generated double digit returns even during the last five years is all in the report: https://t.co/6SyuUvyExg