10x Research: Cryptocurrency and related stocks are at a critical inflection point, with inflation falling faster than expected.

10x Research published an article on its X platform stating that cryptocurrencies and related stocks are entering a critical inflection point, with inflation falling faster than expected and portfolio allocations reaching extreme levels. Despite weaker-than-expected earnings, Coinbase has quietly rebounded; and several mining companies shifting towards AI are attracting billions of dollars in institutional funding and long-term infrastructure investment. Bitcoin has stabilized after forced liquidations, with whales resuming accumulation, but key structural risks remain unresolved. Meanwhile, declining US Treasury yields and shifting market interest rate expectations are altering the macroeconomic environment. To optimize its capital structure and reduce direct equity dilution, MicroStrategy announced that future acquisitions will prioritize perpetual preferred stock over common stock. MSTR continues to face pressure, with unrealized losses reaching $4.8 billion.