10x Research: The Bitcoin trend model has turned bearish

10x Research stated that its Bitcoin trend model has turned bearish. It pointed out that the market narrative of Strategy (formerly MicroStrategy) "never selling Bitcoin" has begun to waver. 10x Research mentioned that Michael Saylor recently hinted that the company might sell part of its holdings of 843,000 BTC in the future, and this change has led to approximately $2.7 billion in outflows from related Bitcoin ETFs.