Analysis: Tokens have fallen 50% from 2024 highs due to token unlocks and low liquidity

Markus Thielen, founder of the crypto market analysis firm 10x Research, noted in a recent post that his team analyzed 115 cryptocurrencies and found that, on average, each token is already down 50% from its 2024 highs. Thielen added that these losses could deepen unless there is an improvement in crypto liquidity. He identified token unlocks and unfavorable crypto liquidity indicators as the main drivers behind the current altcoin crash.