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    Weakening Market Fundamentals and Declining Demand Signal a Potential Downturn for Bitcoin and Digital Assets in Sep 2024

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    10xResearch
    Crypto Insights
    Sep 4, 2024
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    While we remain optimistic about digital assets' mid- to long-term prospects, the current evidence warrants caution. Despite near–V-shaped rebounds following dips in early May, July and August, the market structure and fundamentals have weakened, with each dip deeper and each recovery more muted. Recent data suggests we’re approaching a critical tipping point in September, marked by declining demand.

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