Trader Eugene: The crypto market is overall fatigued, with major assets potentially breaking below key support levels

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 cryptocurrency market as a whole is in a fatigue state.

Being away from the market for the past two weeks has kept my mind clear, and when the market faced this year's largest liquidation amount, I returned to the market to buy the dip, only to find that my position was still further losing, which was a serious warning signal for me. In 80% of cases, these liquidation dip buys should have made a profit after some degree of rebound, but in 20% of cases, there was no profit, exposing the fact 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 start breaking key support levels of mainstream assets. The current key levels of concern: BTC $100,000, ETH $3400, SOL $160."