Price declines could accelerate as support is broken & sellers scramble to find liquidity
Digital asset research firm 10x Research has warned that the price of Bitcoin (BTC) could fall to $50,000, predicting a significant correction as the price continues to crash. 10x Research believes the current decline may be the start of a further plunge.
According to CoinMarketCap data, Bitcoin is trading at $57,767 after losing nearly 4% in the last 24 hours and more than 5.5% in 7 days. Also, MarketWatch data shows that the king coin has lost more than 18% in 1 month and over 15.6% in 3 months. Nonetheless, BTC has risen by 37.41% and over 90.5% in the last year.
Despite price swings, many still see BTC as one of the best digital assets for investment. This position varies because while some consider Bitcoin the top-rated cryptocurrency, others, like Michael from 99Bitcoins, believe the best crypto to invest in may be a meme coin like Pepe Unchained (PEPU) or WienerAI (WAI). These new assets have a high potential for growth, and offer earning options via staking, with massive APY rewards.
Explaining Bitcoin's Potential Plunge
Nevertheless, 10x Head of Research Markus Thielen warns of a potential fall. According to Thielen, one of the major factors against Bitcoin's rise is the asset's technical and psychological support level at $60,000. Explaining that this is an important point for spot BTC exchange-traded fund (ETF) buyers and Bitcoin miners, Thielen also points out that it marks the "bottom" of the asset's three-month trading range. Sounding a note of warning, the analyst wrote:
"Price declines could accelerate as support gets broken and sellers scramble to find liquidity. Only ill-informed traders are willing to buy here. Breaking this support could cause a sharp decline to the low $50,000s."
For about a month, 10x Research has repeatedly offered a bearish narrative for Bitcoin. In May, 10x Research faulted the popular stock-to-flow model for a few reasons, including its failure in at least one previous projection. Recently, the research firm warned that the "Trump Pump," from the Bitcoin market rally that followed Trump's increased chance of winning the election, is unsustainable because the election has not yet been decided. In addition, a previous research report includes several reasons Bitcoin could plunge. One of these is the likelihood of miners liquidating more BTC even as the price neared $60,000.
Another factor that may further Bitcoin's plunge is a 10x Research market structure analysis, which concludes that inflows to the Bitcoin market have peaked. According to 10x, miners, stablecoin issuers, and ETFs are "no longer positively contributing to liquidity in the ecosystem." While there are also several bullish forecasts, Bitcoin is still well below itsMarch record.
Interestingly, a 10x Research note to investors recommended maintaining positions with Bitcoin and avoiding Ethereum.
Market Reaction to Bitcoin Crash
The crash in Bitcoin's price has triggered heavy liquidations in the last 24 hours. According to data from CoinGlass, total liquidations in the past 24 hours hit $369.83 million, across 131,389 traders. The total comprises $332.72 million and $33.58 million, in long and short trades, respectively. The largest single liquidation order occurred on Binance, an ETHUSDT order valued at $18.48 million. Rating by exchange, Binance had the largest amount of liquidations at $175.53 million, with OKX and Huobi in the second and third positions at $99.61 million and $46.44 million, respectively.
Despite the continuous slump in Bitcoin's price, El Salvador still buys one Bitcoin daily. El Salvador first announced the plan in November 2022 under President Nayib Bukele's leadership, and has continued its accumulation. The country, the first to officially recognize Bitcoin as legal tender, also added mining to its Bitcoin endeavors and has produced more than 470 Bitcoins in three years. As of May, the treasury holds 5,750 Bitcoins.
Digital asset research firm 10x Research has warned that the price of Bitcoin (BTC) could fall to $50,000, predicting a significant correction as the price continues to crash. 10x Research believes the current decline may be the start of a further plunge.
According to CoinMarketCap data, Bitcoin is trading at $57,767 after losing nearly 4% in the last 24 hours and more than 5.5% in 7 days. Also, MarketWatch data shows that the king coin has lost more than 18% in 1 month and over 15.6% in 3 months. Nonetheless, BTC has risen by 37.41% and over 90.5% in the last year.
Despite price swings, many still see BTC as one of the best digital assets for investment. This position varies because while some consider Bitcoin the top-rated cryptocurrency, others, like Michael from 99Bitcoins, believe the best crypto to invest in may be a meme coin like Pepe Unchained (PEPU) or WienerAI (WAI). These new assets have a high potential for growth, and offer earning options via staking, with massive APY rewards.
Explaining Bitcoin's Potential Plunge
Nevertheless, 10x Head of Research Markus Thielen warns of a potential fall. According to Thielen, one of the major factors against Bitcoin's rise is the asset's technical and psychological support level at $60,000. Explaining that this is an important point for spot BTC exchange-traded fund (ETF) buyers and Bitcoin miners, Thielen also points out that it marks the "bottom" of the asset's three-month trading range. Sounding a note of warning, the analyst wrote:
"Price declines could accelerate as support gets broken and sellers scramble to find liquidity. Only ill-informed traders are willing to buy here. Breaking this support could cause a sharp decline to the low $50,000s."
For about a month, 10x Research has repeatedly offered a bearish narrative for Bitcoin. In May, 10x Research faulted the popular stock-to-flow model for a few reasons, including its failure in at least one previous projection. Recently, the research firm warned that the "Trump Pump," from the Bitcoin market rally that followed Trump's increased chance of winning the election, is unsustainable because the election has not yet been decided. In addition, a previous research report includes several reasons Bitcoin could plunge. One of these is the likelihood of miners liquidating more BTC even as the price neared $60,000.
Another factor that may further Bitcoin's plunge is a 10x Research market structure analysis, which concludes that inflows to the Bitcoin market have peaked. According to 10x, miners, stablecoin issuers, and ETFs are "no longer positively contributing to liquidity in the ecosystem." While there are also several bullish forecasts, Bitcoin is still well below itsMarch record.
Interestingly, a 10x Research note to investors recommended maintaining positions with Bitcoin and avoiding Ethereum.
Market Reaction to Bitcoin Crash
The crash in Bitcoin's price has triggered heavy liquidations in the last 24 hours. According to data from CoinGlass, total liquidations in the past 24 hours hit $369.83 million, across 131,389 traders. The total comprises $332.72 million and $33.58 million, in long and short trades, respectively. The largest single liquidation order occurred on Binance, an ETHUSDT order valued at $18.48 million. Rating by exchange, Binance had the largest amount of liquidations at $175.53 million, with OKX and Huobi in the second and third positions at $99.61 million and $46.44 million, respectively.
Despite the continuous slump in Bitcoin's price, El Salvador still buys one Bitcoin daily. El Salvador first announced the plan in November 2022 under President Nayib Bukele's leadership, and has continued its accumulation. The country, the first to officially recognize Bitcoin as legal tender, also added mining to its Bitcoin endeavors and has produced more than 470 Bitcoins in three years. As of May, the treasury holds 5,750 Bitcoins.
IronFX Celebrates 15 Years of Creating Strong Partnerships
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
