BlockBeats News, September 24th, trader Eugene Ng Ah Sio stated on his personal channel, “I have been thinking about Ansem’s viewpoint recently. I believe there are multiple signs indicating that the overall cryptocurrency market is in a fatigue state.”
“Being away from the market for the past two weeks has kept my mind clear, and when I returned to the market to buy the dip in the biggest liquidation of the year, I found that my position was still further losing money, which was a serious warning sign for me. In 80% of cases, these liquidation buys should have been profitable after a certain degree of rebound, but in 20% of cases, there was no profit, which seriously exposed that there are few marginal buyers left in the market.”
“I suspect that we will continue to decouple from the broader risk-on market and soon begin to breach key support levels of mainstream assets. Key levels currently being watched: BTC $100,000, ETH $3400, SOL $160.”
