PANews June 23 news, 10x Research published an article on the X platform to analyze that although the current Bitcoin market dominance has soared to a new cycle high, two key indicators have flashed early signs of broader market pressure. Ethereum, which had previously risen due to ETF optimism, is now in trouble due to over-leveraged futures positions. At the same time, (market-based) liquidity, which is the invisible driving force of each rebound, is quietly drying up, and the often-overlooked stablecoin fund flow is also showing a clear trend as summer approaches. Some large buyers in the market are withdrawing, and key technical positions are also facing tests. Bitcoin and Ethereum have experienced a pullback as expected, both sending signals from bullish to bearish. The risk of Ethereum falling below $2,420 emphasized in the previous pre-weekend report has become a reality, and two key indicators are about to turn bearish on Bitcoin, which may have a wide impact on the entire crypto market.