---
title: "10xResearch: Most traders remain on the sidelines, but early Bitcoin bulls have already taken a lead of about 10%."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285298272.md"
description: "10x Research reports that while Bitcoin trading volume is low and funding rates negative, early traders have gained about 10%. Many traders are hesitant, waiting for macroeconomic signals or believing the bear market persists, which 10x Research argues is a misunderstanding of Bitcoin's dynamics. They emphasize that bear market recoveries are driven by improved indicators and risk-reward changes, not just news. Although they turned bullish a month ago, they warn of ongoing risks and stress the importance of proper hedging and position management."
datetime: "2026-05-06T02:19:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285298272.md)
  - [en](https://longbridge.com/en/news/285298272.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285298272.md)
---

# 10xResearch: Most traders remain on the sidelines, but early Bitcoin bulls have already taken a lead of about 10%.

10x Research published an article stating that although Bitcoin trading volume remains low and funding rates remain negative, some early traders have already positioned themselves and reaped approximately 10% returns. They believe that many traders are still waiting for macroeconomic catalysts or believe the bear market is not over, but this misunderstands how the Bitcoin market works. "The end of a bear market is often not triggered by a single news item, but rather by improved indicators, changes in risk-reward ratios, and the fact that most participants have not yet entered the market." 10x Research stated that it turned bullish a month ago, and while market sentiment has improved somewhat, position sizing remains insufficient. They also cautioned that risks still exist in the current market, and proper hedging and position management remain crucial.

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