10x Research Advises Caution for Digital Assets in September

According to BlockBeats, on September 2, 10x Research shared insights on social media regarding the current state of digital assets. While maintaining an optimistic outlook for the medium to long term, the firm advised caution in the short term. The market has experienced V-shaped recoveries following declines in early May, July, and August. However, underlying market structures and fundamentals have weakened over time. Consequently, each subsequent decline has been deeper, and the recoveries have been less robust. Recent end-of-month data suggests that September could be a critical turning point characterized by a decrease in demand.