- Analysts predict potential sell-off pressure in Bitcoin and altcoins in the coming months, with recovery possibly delayed.
- Markus Thielen, founder of 10X Research, suggests that the expected rise could be further delayed due to large token unlocking transactions.
- Velte Lunde, analyst at K33 Research, also warns investors about the possibility of increased sell-off pressure in Bitcoin and altcoins in the coming weeks.
Experts warn of potential sell-off pressure in Bitcoin and altcoins in the coming months, with recovery possibly delayed due to large token unlocking transactions.
Anticipated Delays in Crypto Recovery
Following Bitcoin’s all-time high (ATH) in March, a downward trend has been observed, affecting altcoins as well. Investors continue to anticipate a rally in Bitcoin and altcoins, but Markus Thielen, founder of 10X Research, suggests that the expected rise could be further delayed. Thielen highlights that large token unlocking transactions are generally bearish events and the recovery in Bitcoin and altcoins could be delayed due to token unlocking in various altcoins in the coming weeks.
Possible Increase in FUD in the Coming Months
Besides Markus Thielen, Velte Lunde, analyst at K33 Research, also thinks that the recovery could be delayed. Speaking to Coindesk, Lunde warns investors about the possibility of increased sell-off pressure in Bitcoin and altcoins in the coming weeks. Considering the Earn program of the crypto exchange Gemini and the distribution of over 11 billion dollars of Bitcoin to Mt. Gox’s creditors, sell-off pressure in Bitcoin and altcoins could increase in the coming weeks. Lunde advises investors to be prepared for waves of crypto FUD in the coming months.
Conclusion
Given the potential for large token unlocking transactions and the possible increase in sell-off pressure, investors should be prepared for a possible delay in the recovery of Bitcoin and altcoins. As always, it’s crucial to stay informed and make investment decisions based on careful analysis.
