Markus Thielen, the founder of 10x Research, recently sounded the alarm, suggesting that a significant correction could be on the horizon for both stocks and cryptocurrencies. Thielen's cautious stance led him to sell all of his company's tech stocks, reflecting his bearish outlook.

In a research note released on April 16, Thielen pointed to several factors contributing to his concerns, including ongoing inflation, diminishing expectations of interest rate reductions, and escalating bond yields. He emphasized that these markets are edging closer to a pivotal moment, stating, "The primary trigger is the unexpected and persistent inflation."

Thielen highlighted the bond market's projections, indicating fewer anticipated rate cuts alongside 10-year Treasury Yields surpassing 4.50%. These developments, he believes, signify a critical juncture for risk assets, potentially signaling a significant downturn ahead.