10x Research: After the interest rate cut, a significant market trend shift has occurred. Traders are now accumulating altcoins such as TAO, ENA, SEI, APT etc

10x Research indicated in its market analysis that after the Federal Reserve's interest rate cut, there has been a noticeable shift in market trends, with investors' preference for DeFi and high beta assets beginning to rise.

Several key themes emerged at the Token2049 conference, hinting at the impact of interest rate cuts on the revival of DeFi. For example, tokenization of physical assets showed a decrease in market demand for government bond-type on-chain tokens because lower interest rates have made them less attractive.

As Bitcoin breaks through $60,000 and targets $65,000, savvy traders have begun accumulating undervalued altcoins including TAO, ENA, SEI, APT, SUI, NEAR and GRT betting on a strong rebound expected to occur in Q4.