Bitcoin While it showed a downward trend after its ATH reached in March, altcoins is also affected by this trend.
Investors’ eye BTC and continues to be in the expected rally in altcoins Markus Thielen, founder of 10X Research He said that the expected rise may be delayed further.
Stating that large token unlocking transactions are generally bearish events, Thielen said that the recovery in BTC and altcoins may be delayed due to token unlockings that will occur in various altcoins in the coming weeks.
“Nearly $2 billion worth of consecutive token unlocks over the next ten weeks could depress the altcoin market.
Lock openings may also limit the upside performance of altcoins with positive momentum.
As a result, this may further delay the expected recovery in Bitcoin and altcoins.”
FUDs May Increase in the Coming Months!
Other than Markus Thielen K33 Research analyst Velte Lunde He also thinks that the recovery may be delayed.
Speaking to Coindesk, Lunde warned investors that selling pressure in Bitcoin and altcoins may increase in the coming weeks.
“Cryptocurrency exchange Gemini’s Earn program and Mt. Considering that over $11 billion worth of Bitcoin will be distributed to Gox’s creditors, selling pressure may increase in Bitcoin and altcoins in the coming weeks.
The coming months are set to see crypto FUD waves.”
*This is not investment advice.
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