10x Research: Bitcoin will determine the support or breakthrough of the $60,000 price level in the coming days

10x Research posted on platform X that the dynamics of Bitcoin options expiration, political uncertainty, and position concentration will jointly determine whether the $60,000 price level will hold or break in the coming days.

The market has not priced in tail event risks, but instead is positioning based on the baseline scenario. Understanding the probabilities, capital flows, and incentive structures under this framework is crucial, as price movements can far exceed fundamental drivers when gamma turns negative and positions are crowded. The report re-examines how the current political backdrop is driving the consolidation of risk assets and emphasizes that recent significant shifts could have market implications.

Positioning, policy uncertainty, and volatility dynamics suggest the need for patience and realism. The report assesses whether $60,000 should be viewed as a tail risk or an increasingly reasonable baseline scenario. In the current environment, preparation rather than prediction is most important, and understanding probabilities is essential.