10x Research: Continuing to be bullish on Bitcoin, Circle's self-purchase points rose more than 31%

Comparing news, 10x Research's latest report indicates that after several months of narrow fluctuations, Bitcoin has already broken through the market. It indicates this month's most popular strategy to buy a call option (Call) with an execution price of $70,000. The option had a low of around $300 on August 5, dropped to $30 three days ago, then soared to $1,600, and is currently trading at around $1,300.

10x Research also said that a better trading strategy is a bullish spread (Call Spread) with an execution price of $70,000/$80,000, which expires in September. This structure is more bullish, while retaining some flexibility.

Additionally, Circle was one of 10x Research's best deals this month. Previously, it was recommended to buy on dips when Circle fell to around $60 to $61, but now its stock price has risen to $80, an increase of more than 31%. On the gold side, the previously predicted breakthrough was also realized, and the price rose from $4,100 to $4571, an increase of about 11%. It believes that the US debt is about to break through $40 trillion is one of the core drivers of the current macroeconomic judgment. Relevant market concerns may continue to drive gold and may further support Bitcoin's rise.