Some observers have lengthy argued that the influence of unlocks intensify the prevailing market pattern. “Giant unlocks of tokens are a fancy occasion that interface with market psychology. Merely put, massive unlocks could be bullish catalysts in bulls, and bearish catalysts in bears. They unlock liquidity to proceed the prevailing pattern,” Chris Burniske, co-founder of New York-based crypto-focused enterprise agency Placeholder tweeted in April 2021, explaining the bullish reactions to token unlocks that happened in early 2021.
