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Crypto Analysts Warn Against Shorting DYDX Ahead of $200M Token Unlock – Yahoo Finance

Perpetuals-focused decentralized exchange dYdx is set to unlock 150 million or about $200 million worth of its native token, DYDX, on Feb. 2, which could be a potential shorting opportunity for traders. The supply release, however, isn’t necessarily bearish, some analysts said, cautioning against making short bets in the derivative market tied to the cryptocurrency. […]