10x Research: Quantum computing, MicroStrategy sale are noise as BTC forms a bottom

The recent weakness in Bitcoin stems from macroeconomic factors, not threats from quantum computing or shifts in AI-related investment sentiment, according to an analysis by 10x Research. The firm noted that MicroStrategy's recent $2 million sale of BTC was a selective, managed transaction rather than a forced liquidation. While this could be a drag on the market, it should not be viewed as a crisis. 10x Research described both the quantum computing concerns and the MicroStrategy sale as noise rather than fundamental drivers of the market's decline. The firm believes the market is still in a bottoming phase and anticipates a new bull market will eventually arrive, emphasizing that such rallies always begin with new investors and new narratives.