On January 10, top trader Eugene Ng Ah Sio posted on social media, “This is when most people start to panic, for the following reasons:
BTC, ETH and SOL are retesting the range lows of December 5, and the market is beginning to accept that these support levels may not hold.
BTC’s next support level is $85,000, which is very far away.
People’s psychological dependence on the “January Bull Market” began to weaken, and most people realized that the assets they had not sold had gone through a complete cycle of ups and downs, and began to suffer losses, and then found that they not only completely gave up their profits, but also found that they were no longer so fond of the currencies they held when the market fell sharply. “
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