Why A Bitcoin Thanksgiving Rally Is Probably Not Happening: 10x Research
Posted On November 26, 2025
Bitcoin’s (CRYPTO: BTC) 24% slide over the past month has traders looking to macro catalysts for direction, but 10x Research says the market may be looking at the wrong signals.
What Happened: Bitcoin’s muted reaction to surging rate-cut expectations stems from a far more complex macro backdrop.
Traders are laser-focused on the Fed’s December cut odds, now at 84%, but 10x argues the tone of the announcement, not the cut itself, will determine how risk assets move.
A third consecutive cut delivered without …
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