10x Research has issued a warning regarding the current market optimism for 2026, suggesting it lacks substantial data support. The firm noted on X that while market trends appear positive, on-chain data reveals conflicting signals. Key economic indicators such as inflation, labor, and interest rate expectations are showing signs of weakening, contributing to a fragile macroeconomic environment. Additionally, core assets are experiencing narrowing leadership and increased risks. 10x Research advises a more thorough analysis to determine whether these factors indicate a potential slowdown or more significant market turbulence ahead.