According to CoinMeta, as reported by an early issuer of in, 10x Research founder Markus Thielen pointed out that if Bitcoin's closing price in August holds at $63,000, it will trigger a bullish signal from cyclical indicators and confirm the bottom of the bear market. Currently, Bitcoin is trading at around $63,140. 10x Research tends to hold long positions, but will shift to a neutral stance if Bitcoin falls below a key support level. The report warns that rising yields on 10-year U.S. Treasury bonds could force the Federal Reserve to raise interest rates in September, and miners' transition to AI business could put pressure on the market with about 100,000 BTC being released, while Bitcoin treasury companies closing positions would add supply-side pressure.