❗️ Bloomberg: Cryptocurrency winter has come earlier as unlocks accelerate the exit of some investors

🗞 Bloomberg believes the cryptocurrency market is experiencing an early "altcoin winter" as some initial investors and founders are selling their digital tokens now that some of them have become "unlocked."

🔍 This year, many project tokens are becoming "unlocked," which essentially means that venture capitalists and founders can now sell the digital assets they received years ago in exchange for investments. According to TokenUnlocks data, as many as 120 out of 138 tokens have had unlocks this year, with the total market valued at approximately $58 billion.

🪙 According to research company CCData, out of about 90 leading assets, only 12 have shown positive returns since March 14, when $BTC reached its all-time high.

😁 In crypto, it often "cools down" in the summer, so nothing new. We are waiting for the "crypto spring" in altcoins.

#Bloomberg #Altcoin #Unlocks #Crypto