10x Research: BTC market momentum weakens, Korean volume drops from $25 billion to $6.7 billion.

PANews, Dec 9th, 10x Research tweeted that the current market situation of BTC can be compared to the “death zone” when climbing Mount Everest, which is a critical stage of increased risk. Although BTC may not have reached its peak, some indicators show that market momentum is weakening, and high vigilance is required. Over the past two weeks, the price of BTC has fluctuated within a narrow range, touching the upper and lower limits of the range last week before returning to the middle, forming a Doji shape indicating market hesitation. Historically, this shape may indicate the continuation of the trend after a short-term adjustment, but combined with on-chain data and market structure analysis, there is still uncertainty in the future. In addition, the encryption volume in South Korea has dropped significantly from $25 billion to $6.7 billion, indicating a noticeable decrease in market activity.