The overcrowded short trade in the lead up to token unlocks is beginning to backfire, with several altcoins showing signs of strength into what is normally perceived to be a bearish event.in the lead up to $64 million worth of previously locked tokens being unleashed on the market. This took onlookers by surprise as an increase in supply typically leads to a reduction in value, and also gives early investors or project team members an opportunity to liquidate their initial investment.
But AXS is not alone in bucking the trend – decentralized derivatives exchange dYdX's cryptocurrency has outperformed its peers with a 64% rally this month in spite of a token unlock coming on Feb. 2.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:
OKnightCrypto Bullish