Bitcoin Reclaims $87K Amid Extreme Fear, But 10x Research Flags Cracks in 2026 Bullish Narrative

Bitcoin just punched through $87,000—a move that should signal unshakable confidence. Instead, the market's drowning in extreme fear. Something doesn't add up.

The Bull Case Shows Its Seams

Analysts at 10x Research are sounding the alarm, pointing to structural weaknesses in the rosy 2026 forecasts everyone's been banking on. The narrative isn't just getting a reality check; it's getting a full audit. While prices climb, the foundational logic for the next mega-rally is developing cracks. It's the financial equivalent of a luxury condo built on shaky ground—the facade is impressive, but the engineers are getting nervous.

Fear Gauge in the Red

Market sentiment metrics are flashing red, contradicting the price action. This divergence is a classic warning sign. Traders are buying the bounce but hedging their bets, a telltale sign of deep-seated uncertainty. The 'extreme fear' label isn't just mood music; it's a quantifiable signal that the crowd's gut instinct is at odds with the chart.

So, we're left with a market at war with itself. Price says 'up,' psychology says 'caution,' and analysts are starting to question the long-term script. It makes you wonder if the real bubble isn't in the assets, but in the unquestioned optimism of the projections. For now, the ride continues—but keep one hand on the ejector seat.