10x Research: Current market structure differs from prevailing bearish expectations

10x Research published an article on the X platform stating that most investors' confidence in the cryptocurrency trend in 2026 may be questionable. 10x Research previously warned of the start of a Bitcoin bear market in late October, before a shift in market sentiment. After a 20% price drop, a bearish consensus emerged, with the prevailing view being that this was a difficult year to avoid in the cycle. However, when expectations are widely accepted, market volatility is rare. What is currently troubling is the widening gap between public perception and the underlying market structure. Early signals typically emerge when confidence is low and positioning is cautious; relying on cyclical narratives or waiting for clearer outcomes may lead to missed opportunities.