Alexsandra
@alexa21
1967 Following
933 Followers
🌐 In January, the crypto market is set to experience significant token unlocks.
As a result, between January 13 and 19, assets worth over $2.6 billion will be released into circulation.
🗼 The largest unlock will be conducted by Ondo Finance—on January 18, 1.94 billion ONDO tokens worth approximately $2.42 billion will enter the market.
Currently, 1.38 billion ONDO tokens are in circulation, so this release could significantly affect the supply-demand balance.
On January 16, 2.2% of the total Arbitrum token supply, valued at $69.32 million, will be unlocked.
📅 On the same day, STRK tokens worth $27.55 million, as well as SEI and ENA tokens worth $21.06 million and $11.98 million respectively, will also be unlocked. 0 reply
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📉 Bitcoin Could Correct by 30% on Its Way to $100,000
On November 27, the price of $BTC fell more than 7% from its all-time high of $99,600 reached on November 22.
While most analysts agree that it is only a matter of time before Bitcoin breaks through $100,000, some expect a deeper pullback before the landmark high.
According to Ryan Lee, chief analyst at Bitget Research, Bitcoin could correct by up to 30% before resuming its bullish run:
“Investors will have to deal with intense corrections in its quest to break the psychologically important $100,000 price level. Historical data trends suggest that Bitcoin could still correct by 30% before it reaches its cyclical top,” the analyst said.
While historical chart patterns are not always accurate in predicting future price action, a potential 30% correction from $99,800 would hypothetically push Bitcoin's price below $70,000. 0 reply
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