Markus Thielen, founder of cryptocurrency analysis company 10x Research, pointed out that Bitcoin is trading above its seven and thirty-day moving averages. He stated that in this environment where Bitcoin’s market dominance has reached over 60 percent, it is a strong bullish signal for the short and medium term. While Thielen shared his analysis on his social media account on May 3, he emphasized that Bitcoin gained 1.1 percent in value in the last week.
Short-Term Rise and Corporate Demand
Bitcoin’s rise coincided with the Bitcoin 2026 conference held in Las Vegas. During this period, prices reached a new peak, reaching up to $ 79,500. CryptoAppsy According to data, the current price of Bitcoin was recorded as $ 78,379.50. In the last thirty days, Bitcoin gained 17.3 percent in value.
Thielen listed the increase in Bitcoin accumulation by large institutional investors and corporate treasuries as among the main factors that support confidence in the markets. The short-term consolidation after the conference brought to the fore a classic model known as “buy on rumors, sell on news” in the market. In this process, investors appear to be waiting for a new price catalyst.
“The continuation of corporate purchases and the increase in the assets of large corporate treasuries contributed to maintaining confidence in the markets.”
Strategic Reserve Claim from Washington
According to Thielen, White House advisors hinted that a strategic reserve announcement for Bitcoin at the national level was on the agenda. The prospect of a policy-level commitment helped create a generally positive tone in the market. Thielen emphasized that a statement from the government could be a strong catalyst as the reason for this positive expectation in the market.
In its latest report, 10x Research pointed out that developments happening behind the scenes, not the headlines, offer more remarkable opportunities. While Bitcoin’s market share is above 60 percent, it was stated that a small number of altcoins showed signs of recovery from the bottom levels.
Notable Sectors and Expectations in Altcoin
According to Thielen, privacy-focused coins and infrastructure projects based on real-world assets (RWA) have begun to attract the attention of institutional investors. RWA protocols transform traditional financial instruments such as bonds, stocks or real estate into digital assets and make them available on the blockchain network. It is anticipated that these areas may attract capital after Bitcoin completes its consolidation.
In the analysis, it was evaluated that the concentration of corporate fund inflows in privacy and RWA infrastructure could make these topics potential risers in the coming period. While Bitcoin is still in the “green” region on daily and weekly charts, the fear-greed index has finally approached the neutral level after a long time.
“If Bitcoin, whose market share is above 60 percent, exits the consolidation process, privacy-focused coins and projects based on real-world assets may see new capital flows.”
It was stated that the sectors highlighted by Thielen should be closely monitored to see whether the course of institutional investors will shift in these directions in the coming period.
