Marcus Thielen

Founder & CEO, 10X Research
@markus10x · tracked since Feb 2026
Calls 1 2 Posts tracked · 0.0/day
Calls
7d 0
30d 0
90d 0
Best Calls
BTC short +3.0%
Worst Calls
No live losers yet
Most Mentioned
BTC ×2
Recent Calls
BTC short 3 months ago
Win Rate 100% Long 0 Short 1
Win Rate
7d 100%
30d 0%
90d 0%
Average Return +3.0% Long Return - Short Return +3.0%
Average Return
7d +1.0%
30d -5.7%
90d -20.2%
Result
Result
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Ticker
Side
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Thesis
Theme
Source
BTC Bitcoin Bitcoin
Short
Feb 11
$67082.52
+3.0%
Thielen notes that ETFs bought $54B of Bitcoin at an average price of $90k, meaning they are currently underwater by ~$10B. He identifies a "liquidity trap" at $87k and notes a lack of buying support. When institutional ETF holders are underwater and hedge funds face redemptions (lagged effect from Q4), selling pressure intensifies. Without a liquidity floor, the price naturally seeks the next major support level. SHORT/AVOID until the price resets to the $40,000–$50,000 range. The Federal Reserve (specifically Kevin Warsh) could pivot to a dovish stance unexpectedly, triggering a rally.
Thielen notes that ETFs bought $54B of Bitcoin at an average price of $90k, meaning they are currently underwater by ~$10B. He identifies a "liquidity trap" at $87k and notes a lack of buying support. When institutional ETF holders are underwater and hedge funds face redemptions (lagged effect from Q4), selling pressure intensifies. Without a liquidity floor, the price naturally seeks the next major support level. SHORT/AVOID until the price resets to the $40,000–$50,000 range. The Federal Reserve (specifically Kevin Warsh) could pivot to a dovish stance unexpectedly, triggering a rally.
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