Crypto assets could fall 30% to 70% if investment institutions sell out, says DYOR founder
According to BlockBeats, Hitesh Malviya, founder of cryptocurrency analysis platform DYOR, expressed concerns about the current market liquidity on June 21. He warned that if investment institutions decide to sell 5% of their monthly unlocked tokens, the prices of assets such as OP, ARB, APT and SUI could potentially fall by 30% to 70%.
Malviya's statement comes at a time when the cryptocurrency market is experiencing significant volatility. The possible liquidation by investment institutions could further aggravate the situation, causing a substantial drop in the value of certain cryptoassets. The DYOR founder specifically mentioned assets such as OP, ARB, APT, and SUI, which could be most affected by such a move.
The potential impact of this liquidation could be significant, given the current low liquidity in the market. If investment institutions decide to sell a significant portion of their holdings, this could cause a sharp drop in the prices of these assets. This could cause a market crash, affecting investors and the overall health of the cryptocurrency market.$BTC
