BitMex co-founder CryptoHayes believes $ETH and $SOL will face even more pain than they do now
If the CPI data expected on Nov. 10 will once again be unexpectedly high, traditional finance markets will tumble into the red over the weekend, making this week one of the worst periods for the market in 2022., we should see a return to extremely low values on most cryptocurrencies, which will attract bottom catcher and institutional investors who are willing to average down their existing positions or earn exposure to the market at two-year-low prices.
In a few hours from press time, 60 million SOL coins will be unlocked from staking and will most likely hit the market, causing previously unseen selling pressure that will most likely be the toughest test for Solana and its investors in the project's history.
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