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.
Moneta Markets Founder and CEO Launches Moneta Funded, a Broker-Backed Prop Trading Brand Built for Disciplined Performance and Sustainable Payouts
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
Executive Interview | Dor Eligula | Co-Founder & Chief Business Officer, BridgeWise | FMLS:25
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Elina Pedersen on Growth, Stability & Ultra-Low Latency | Executive Interview | Your Bourse
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
