10x Research: Bitcoin's $6.3 million divider between bottom and collapse

Comparing news, the research agency 10x Research published an article stating that the current price of Bitcoin of about $6.3 million is a key critical level that will determine whether market sentiment bottoms out or collapses. Bitcoin fluctuated in a narrow range around $60,000 for six months before the 2024 US election, and this level was also the top building block for the 2021 cycle. After Trump's victory was confirmed, Bitcoin rose rapidly from $70,000 to $90,000. It briefly fell below $90,000 during the tariff shock in April 2025, but since most holders were still profitable, the pullback deal was light.

10x Research said that since there are very few changes in the $70,000 to $90,000 range, it warned in November 2025 that if it falls below $93 million, Bitcoin will be prone to a sharp decline, as there is almost no supply around $65,000 to slow down the decline, and the subsequent decline also confirmed this judgment. Currently, Bitcoin has once again consolidated in the $60,000 area for about six months, but the actual distribution of replacement chips has changed significantly during this period, which has a substantial impact on the next trend in this position. The agency will also further elaborate on the importance of this level, the role of exchange balances, and when leveraged traders may return to the market.