$BB October 12: 2.31% of the circulating supply (about $291,000) unlocks tomorrow.
To assess the impact of an unlock, there are three main things to consider:
1) Size: moderate;
2) Who gets it: this time, it’s early investors and the team. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more spread out;
3) Market absorption: an unlock ≠ an immediate sell-off of the entire amount. It also depends on whether the market can absorb it.
Which signal do you trust more?
Whether to buy is up to you—I’m just sharing.
To assess the impact of an unlock, there are three main things to consider:
1) Size: moderate;
2) Who gets it: this time, it’s early investors and the team. Generally, teams and early investors have a lower cost basis and are more likely to cash out, while ecosystem-related releases tend to be more spread out;
3) Market absorption: an unlock ≠ an immediate sell-off of the entire amount. It also depends on whether the market can absorb it.
Which signal do you trust more?
Whether to buy is up to you—I’m just sharing.