Many people are still chasing the so-called macro narratives to predict Bitcoin's movement, but the latest analysis from 10x Research shatters this illusion—the impact of the US stock calendar effect on BTC is far less significant than you think.

What's the key? Don't be fooled by optimistic macro indicators. These indicators often appear when market confidence is at its peak, but they are actually the weakest signals. The true factors that determine Bitcoin's next move are not the old clichés like liquidity.

Market structure, technical resets, and the real flow of funds—these are the real keys. Bitcoin never follows conventional patterns; its logic is often much more complex than you imagine. Instead of fixating on macro data, it’s better to observe on-chain data and the genuine behavior of market participants, which might give you an early glimpse of where it’s headed.