token unlocks continues to pressure medium-term allocation: reading the Bitcoin Sinks tape

The edge is often just refusing to confuse volume with conviction.

Against the backdrop of “Bitcoin Sinks to 11” and “Bitcoin Finds Opportunity as $1.1B in Long Positions Disappear”, positioning still matters more than slogans.

When cycle psychology and open interest disagree, sizing down beats inventing a clever story.

In practice, token unlocks and drawdown recovery interact before price fully reflects either one.

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