Cryptocurrencies remain in a corrective phase, with impending supply events potentially hindering recovery. Token unlocks totaling nearly $2 billion in the next ten weeks could flood altcoin markets, warns 10x Research. Over $11 billion worth of Bitcoin will be distributed to creditors of Gemini’s Earn program and Mt. Gox. Analysts foresee waves of FUD, though FTX repayments may inject $3-$5 billion back into the market.
