The current cryptocurrency bull market cycle may be shorter than previous ones and is unlikely to end with a big altcoin rally. According to analysts at 10x Research, venture crypto funds may play a significant role in this trend. Hereβs what you need to know:
Token Unlocks and Venture Capital Funds
β The current crypto bull market cycle might be shorter than before and may not result in a widespread altcoin rally.
β Venture capital funds in the crypto space could be a contributing factor to this phenomenon.
Token Unlocks Impact
β Analysts predict that large volumes of token unlocks, totaling over $3.6 billion, could have a negative impact on altcoins.
β Upcoming unlocks include 828.93 million AEVO tokens from Aevo, valued at $1.17 billion, and $39.78 million in WLD tokens from Worldcoin.
β Aptos will unlock 11.31 million APT tokens worth $101.67 million, representing 2.6% of the circulating supply.
Market Correction Warning
β 10x Research experts warned of a potential market correction due to unexpected and persistent inflation.
β With fewer expected cuts in the bond market and the 10-year Treasury yield above 4.5%, risk assets may undergo a price reset.
As the crypto market evolves, itβs essential to stay informed about these developments. For more news and insights on cryptocurrencies, investing, and finance, visit Global Crypto News.