$BB On October 12, 2.31% of the circulating supply (about $299,000) unlocks. That’s today.
To assess the impact of the unlock, focus on three things:
1) Scale: medium-sized;
2) Recipients: this time, early investors and the team. Generally, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: an unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
Which do you pay more attention to: data or news?
#BB
To assess the impact of the unlock, focus on three things:
1) Scale: medium-sized;
2) Recipients: this time, early investors and the team. Generally, teams and early investors have a lower cost basis and are more likely to take profits, while ecosystem-related releases tend to be more dispersed;
3) Absorption: an unlock ≠ an immediate sale of everything. It also depends on whether the market can absorb the supply.
Which do you pay more attention to: data or news?
#BB