I kept seeing a bunch of people calculating unlock calendars at night, like tomorrow they’re all about to dump together. I’m the type who loves digging up old accounts, so I couldn’t help but dig into those so-called “fear of selling pressure” and see whether they truly broke down and caused any systemic risk. The stablecoin supply has been steadily rising, and over on the ETF side there really is off-exchange capital coming in too, but honestly, I don’t think you can draw an equation-like cause-and-effect relationship with price. More often, people believe the panic first, and then the emotions themselves shove themselves off a cliff. Anyway, I can’t sleep at night, so I just stare blankly at whale addresses on-chain, watching to see who moves first—rather than trusting those “unlock means it will fall” line-drawings. For now, that’s it. Don’t learn from me; overthinking like this is easy to drive yourself mentally stuck.

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