Wall Street Pulls Back After Bitcoin’s Rally Spikes, Says 10x’s Thielen

Bitcoin ’s recent momentum may be changing as Wall Street-style options hedging, systematic trading, and whale profit-taking cool the kind of uninterrupted, rapid price rises that defined earlier cycles, according to 10x Research founder Markus Thielen. In the latest episode of Cointelegraph ’s Trade Secrets , Thielen argues that Bitcoin is now more likely to respond in bursts to macro headlines—rising quickly on news before “crab walking” across charts until the next major economic catalyst. Key takeaways Thielen says Wall Street call-option selling and hedging structures have reduced the odds of consecutive double-digit Bitcoin rallies.