10x Research: The Bitcoin Narrative has completely shifted, evolving into a macro hedge asset against deficit spending

By: theblockbeats.news|2025/07/14 10:22:01

BlockBeats News, July 14th, 10x Research released a report stating that the rapid convergence of three major events is taking place: the US's $5 trillion new debt ceiling, soaring deficit spending, and the upcoming crypto policy from the Trump team. The two major catalysts, the July 22nd and July 30th FOMC meetings, may redefine Bitcoin's role in the financial system.

Bitcoin hits a new high, with the typical upward path driven by July's seasonal factors, coupled with the market quickly shifting from selling bullish options to actively buying them, along with a wave of short covering, all working together to boost the market. On the surface, there are many reasons for Bitcoin's rise, but there is only one truly key reason.

That is, the narrative has completely changed: no one is talking about blockchain use cases or Bitcoin's technical prospects anymore. Bitcoin is now seen as a macro asset, a hedge against unlimited deficit spending.

-- Price

Bitcoin (BTC) is holding above $76,000, supported by strong institutional buyingThe Fear & Greed Index at 33 indicates continued market caution despite price strengthCrypto ETPs saw $1.4B in inflows, marking three consecutive weeks of capital growthEthereum (ETH) is consolidating around $2,300, with resistance near $2,360Understanding what is futures trading vs what is spot trading is key in volatile marketsTraders are increasingly combining spot accumulation with futures trading strategies

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