10x Research: The decline of Bitcoin and Ethereum in the past month occurred more during the Asian trading session

ChainCatcher news, the crypto research firm 10x Research stated that Bitcoin has dropped 20% in the past month, with a 13% decline during Asian trading hours, indicating that many retail traders in Asia have been liquidated. Meanwhile, Ethereum has fallen by 22%, with a 16% drop during Asian trading hours.

As Bitcoin appears to be oversold in the short term, a potential macroeconomic positive is expected next week, which may lead to a counter-trend rebound. Additionally, the U.S. Securities and Exchange Commission may approve an Ethereum ETF, which could trigger positive momentum in the short term. However, from a mid-term perspective, this is not a significant buying opportunity.