Let the extreme greed that invades the market today not make them lose sight of the fact that there will always be corrections and that at the least expected moment the banks will take their toll. If this did not happen we would be facing an event that would change the global economy forever, today in danger due to the printing of large amounts of money without backing. All that liquidity that pushes the price of bitcoin is part of what I was talking about in previous articles, what is done immediately after the interest rate cut is printing money without backing. To this day it was still only an intention not yet consummated by the Chinese to inject 142 billion dollars into the banks. It seems like good news, but it has an inflationary background and we could be witnessing the beginning of a global economic recession. There is talk of 142 trillion dollars, which is approximately 998.26 trillion Chinese yuan, which will come out of printing presses similar to where the US dollar comes from; And I know that many here are not interested in knowing what this represents, it sounds quite far away and it seems that it has nothing to do with us, but all that fake money that includes yuan and US dollars are laundered with Bitcoin, you can already imagine what this means.
What I enjoy the least as a human being is fate, so when I talk to you about wars, they are not mere speculations of mine, they are events in full development, it is estimated that two thousand Ukrainians die every day, I do not have the number of Russians but they are many, in the Middle East the war between Israel and Lebanon is already a fact and that war includes Iran, at the same time Iran is fully involved in the war in Europe, it is incredible that every 9.9 humans on the planet are not interested in knowing what is threatening the existence or the survival of the human species, it reminds me of the movie: "Don't Look Up", a huge asteroid would destroy the earth and the world did not believe it, they just remained immersed in social networks until it was all over. The same thing is happening now, humanity has never been so close to a global nuclear war and people do not believe it, and they are not interested in this subject, even though Europe is suffering the economic ravages of having stopped buying cheap hydrocarbons from the Russians, shooting itself in the foot, today they are in an economic depression. The world is upside down, people did not believe the pandemic until their neighbor, brother or parents died of COVID 19, and then we saw the anti-vaccines, crazy people who were opposed to stopping the infections because they claimed that vaccines would kill everyone, today we see how they managed to contain COVID and there are still people reluctant to get vaccinated, on this planet of dissociated humans the number of people with several screws loose in their heads increases every day. Now, returning to the economic issue and the market, it would be good if, while continuing to demand that the psychopaths Biden and Kamala Harrys stop the madness of leading us to a nuclear hecatomb, we took a look at the unlocks for the month of October, which are enormous, and I already know that tokens are unlocked every month, but in October an astronomical amount will be released and it will be an opportunity perhaps to buy cheap or to witness the death of a star or two.
The cryptocurrency market is preparing for $3.46 billion in unlocks next month amid FOMO. Solana and Worldcoin will also release locked tokens worth $360 million and $336 million, respectively. And guess who will release tokens? Sui (SUI), which leads the cryptocurrency unlocks for the next week, so we may be looking at a price pullback.
Celestia, better known as TIA, will unlock 17% of its supply in October, an astonishing figure.
Other tokens scheduled for abrupt unlocks next week include Optimism (OP), Zeta Chain (ZETA), dYdX (DYDX), Immutable (IMX), Maverick Protocol (MAV), Cardano (ADA), and Ethena (ENA).
The month of October, which is generally bullish, will face a huge and colossal unlocking event worth more than 3.46 billion dollars as I already mentioned.
It may be an opportunity to buy Alcoins that will be affected by an almost inevitable correction, and ride the bullish wave of October and November, that is why I insist that you take profits now and do not fall prey to the fear of being left out of the bull Marker, ALSEASON or any other trite event that the EXCHANGE and cryptographic projects use to generate extreme greed and squeeze them like an orange, regardless of the price of bitcoin the market will remain where it is, going up and down like a devilish carousel.
Greetings my dear invisible readers,
Jorge Ferrer
Bachelor of Business Administration
Author's note: It is crucial not to assume, especially during periods of extreme greed, that it is true. At such times, collective beliefs can fail. If everyone on social media and on exchanges is saying that Bitcoin will go up to infinity, it is time to be cautious and not go with the flow without doing your own analysis. This does not mean that it will not happen, it means that you have to be cautious. I hope you understand.