10x Research: Speculative traders may have shifted from Bitcoin to Chinese stocks, and Bitcoin's short-term technical indicators may be overbought

ChainCatcher news, 10x Research stated in its latest report that the crypto market is undergoing some significant changes. While short-term concerns are evident, larger trends may soon overshadow these worries. Last night's market adjustment may have stemmed from weak economic data from China, indicating a need for additional stimulus measures.

As a result, speculative traders may have shifted from Bitcoin to Chinese stocks for higher beta exposure. There are also concerns about the weakness at the beginning of the month. Additionally, Bitcoin's short-term technical indicators appear to be overbought.