Why are BTC and ETH almost reaching new highs, while the altcoins have collectively retreated by more than 50%?

On the one hand, Bitcoin and Ethereum are rising steadily, and the dealers and smart money are transferring funds to Bitcoin and Ethereum. The altcoins are constantly being sold and lack liquidity. On the other hand, large amounts of tokens are unlocked every month, which is constantly sucking blood.

Last week alone, a large number of tokens were unlocked, including Aptos $97 million, IMX $51 million, STRK $75 million, SEI $62 million, ARB $90 ​​million, APE $18 million, and UNI $90 million, totaling $483 million. Which market can handle this?

Starting from May, in the next ten weeks, tokens worth nearly $2 billion will be quickly unlocked. Where can the market get so much money for you to take over!

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