Trader Eugene: Counterfeit coin investors are eager to sell spot goods, the market may enter a longer consolidation phase
Trader Eugene Ng Ah Sio stated at X about the altcoin market: "Altcoins, after forming wick lows, fell back to these levels within less than 48 hours, indicating that investors are extremely anxious about holding spot assets and eager to sell. The market may enter a longer adjustment period or fall rapidly in a short time."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Data: 90,300 SOL transferred from an anonymous address, routed through intermediaries and flowed into Wintermute
Ondo Finance to launch private tokenized liquidity fund on Solana
Trending news
MoreData: In the past 24 hours, total liquidations across the network reached $532 million, with long positions liquidated for $403 million and short positions for $128 million.
Data: Machi Big Brother has continued to increase his long positions in Ethereum over the past hour, with his current holdings rising to 5,300 ETH.