10x Research: BTC/ETH Rally Exceeds Expectations, Currently Not Ideal Time to Go Heavy on Crypto Stocks Like Coinbase

CycleProphet · 2026-03-17T03:15:18+00:00

10x Research points out that since March, the rallies in Bitcoin and Ethereum have exceeded most market participants' expectations, with Circle up 103% since February 20. The firm suggests investors pay attention to Bitcoin options, with current strategies yielding 155% returns, while institutions are turning toward high-elasticity crypto stocks. However, overall trading volumes remain low, making it inadvisable to invest heavily in crypto service providers.

CycleProphet

2026-03-17 03:15:18

Abstract generation in progress

Deep Tide TechFlow News, March 17 — 10x Research posted on the X platform that the recent rally in Bitcoin and Ethereum caught most market participants off guard. Additionally, crypto stocks like Circle have risen about 103% since February 20, mainly driven by a short covering rally in response to previously identified large hedge fund short positions. On February 27, 10x Research recommended positioning in bullish Bitcoin call options at $75,000/$80,000 (expiring March 27), based on market structure indicating an increased likelihood of a rebound. This strategy has now yielded a 155% return. Meanwhile, institutions are beginning to shift some positions into highly elastic crypto “proxy assets” stocks, including Strategy, Metaplanet, and Bitmine. However, given that overall trading volume remains relatively low, 10x Research believes it’s not the time for heavy investment in crypto service providers like Coinbase, but rather to gain direct exposure through Bitcoin spot, options, and perpetual contracts. The next phase of market movement and the overall direction of the crypto market still require further observation.

BTC1,35%

ETH3,09%

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