10x Research: Everyone is optimistic about 2026, but the data does not support this view

According to Odaily, 10x Research posted on X stating that although the market generally remains optimistic, some closely watched indicators have started to diverge—a divergence that has historically often signaled a shift in market structure. Inflation dynamics, labor market trends, and interest rate expectations are no longer moving in sync, creating a macroeconomic backdrop that is far more fragile than the surface-level optimism suggests. Meanwhile, major asset classes are sending signals that leadership may be narrowing and that volatility may not remain contained for long. Market realities may soon become less forgiving. Now is a critical time to focus on fundamental data. Investors need to decide for themselves whether to continue fully betting on optimistic expectations for 2026 or to shift toward a more defensive strategy. As we wrote at the end of October, only those who sell at the top can buy at the bottom. Since then, Bitcoin has dropped 23%, and this volatility now appears to be spreading to other risk assets.