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Individual users can earn up to 1,000 LOT — share from a total prize pool of 1,000,000 LOT!
🏃 Join now: https://www.gate.com/campaigns/1294
Complete deposit and trading tasks to receive random LOT airdrops. Exclusive Alpha trading task await!
Recently, the cryptocurrency market has seen significant fluctuations, with ACX standing out in particular. This cryptocurrency has fallen by 10% today, which is noteworthy. More importantly, ACX will experience a significant token unlock event in two days, expected to release tokens equivalent to 23% of the current Circulating Supply. This news has undoubtedly had a significant impact on market sentiment, and many investors are considering looking for the right opportunity to take profit in the next two days.
At the same time, Blast has also completed its token unlock process, releasing over 20% of its tokens. This event had already attracted market attention several days ago, and many investors have taken corresponding investment strategies in advance.
In the current market environment, shorting Bitcoin (BTC) still carries a high risk. In contrast, shorting tokens that are about to face large unlocks may have a higher probability of success. However, investors should remain cautious and it is recommended to use lower leverage, as the market may still experience rebounds even in a downtrend.
It is worth mentioning that several other cryptocurrency projects are also about to experience large unlocks, which may further impact the market. Investors should closely monitor these developments and adjust their investment strategies in a timely manner. In the context of increased volatility in the cryptocurrency market, risk management becomes particularly important.