$2 Billion Token Unlocks: Will It Lead to a Longer Bear Market? 

• The next two months are expected to witness a massive $2 billion token unlock of various altcoins.
• 10x Research warns that the token release will result in an impending bear market.
• The platform asserts that the token unlock will limit the breadth and duration of the prevailing bull market.

A prominent crypto analytics platform, 10x Research, recently warned against an impending bear market driven by the $2 billion token unlocks in the upcoming days. The platform asserted that the current bull market is likely to stay shorter and unlikely to culminate in a broad altcoin rally.

Reportedly, the crypto market is expected to witness a massive unlock of various altcoins in the next two months. For instance, tokens like Aptos (APT), Starkware (STRK), and Arbitrum (ARB) are set to unleash $97 million, $79 million, and $94 million tokens, respectively. In addition, Immutable X releases $53 million IMX tokens while Avalanche and Optimism are set to unlock $330 million AVAX and $64 million OP, respectively.

Tokens like SUI, ENA, ALT, and XAI are also poised to see large unlock events, with Sui releasing $1 billion tokens, Ethena $48 million, ALT $171 million, and XAI $135 million. Reflecting on the potential impact of the events, 10x Research stated, “Rapid succession of nearly $2 billion of token unlocks during the next ten weeks could lower the market for altcoins.”

Further, the analysts spotted “significant constraints” in the industry’s growth potential despite remarkable developments and the high trading volumes of more than $100 billion. Forecasting the potential challenges the market is poised to face, the platform stated that the prevailing bull run will have a limited “breadth and duration.”

In a K33 Research article, analyst Vetle Lunde hinted at the distribution of $11 billion Bitcoin (BTC) to the Gemini Earn program and Mt.Gox creditors. He posited, “The next months are rigged to see waves of good old crypto FUD.”