Eugene: Temporarily exiting all markets; the market is likely to continue declining for now.

BlockBeats News, January 23 — Trader Eugene Ng Ah Sio posted on his personal channel stating, "I don’t quite understand the latest price trend this week, so I plan to wait and see for a while. From a higher time frame (HTF), the pattern is not ideal, and my judgment is that the price is likely to go lower.

I originally hoped that the new year would have enough momentum to push the price above $100,000 and catch up with other risk assets, but it now seems unlikely that this will happen.

For now, I am exiting all markets, returning to real life, and once again ‘touching grass’."

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

ETH 15-minute increase of 1.02%: Ecosystem upgrade expectations resonate with active buying, driving the rally

From 14:30 to 14:45 (UTC) on March 10, 2026, ETH recorded a short-term gain of +1.02%, with the price rising from 2024.3 USDT to 2047.18 USDT, an amplitude of 1.13%. Trading volume during this period significantly increased, with active addresses rising from 12,800 to 15,600, and large on-chain transfers up by 30.2%, reflecting a notable increase in market attention and volatility. The main driver of this movement is the Ethereum "Verde" technical upgrade testnet news.

GateNews12m ago

BTC 15-minute increase of 0.95%: Technical breakthrough and large on-chain transfers dominate short-term rally

From 14:30 to 14:45 on March 10, 2026 (UTC), the price of BTC surged rapidly, with a 15-minute return of +0.95%. The candlestick quotes fluctuated between 69,792.0 and 70,485.0 USDT, with an amplitude of 0.99%. Market short-term activity increased, and the heightened volatility attracted widespread attention from users. The main driver of this anomaly was BTC breaking through a key resistance level in the short term, activating technical traders and automated quantitative strategies to buy, creating a bullish momentum. At the same time, large on-chain BTC transfers and net inflows to exchanges...

GateNews12m ago

Geopolitical Turmoil! Dalio Declares "Gold is the Only True God," but Its Safe-Haven Performance Trails Bitcoin

As geopolitical tensions in the Middle East escalate, Bridgewater founder Ray Dalio questions Bitcoin and reaffirms gold as the preferred safe haven. Nevertheless, gold prices fell accordingly, while Bitcoin only experienced a slight correction, indicating that the correlation between the two is weakening. Dalio doubts Bitcoin's transparency and future risks, but he still maintains a small allocation of Bitcoin for diversification.

区块客48m ago

QUBIC Surges 44.4% Over the Week, Ready to Ascent to the Moon: Expert Analysis 

The Qubic (QUBIC) coin has gained attention for its price rise, reaching $0.0696514, driven by strong demand for its decentralized computing solutions. Analysts predict continued growth thanks to increased usage and user activity, with an 85.89% spike in trading volume.

BlockChainReporter56m ago

MBOX Explodes 11.86%: A Surge to Watch

MBOX surged 11.86% to $0.0217, driven by increased staking and market interest in altcoins. With a 36.48% rise in 24 hours, traders are eyeing key resistance and support levels for future price movements.

Coinfomania1h ago

BTC 15-minute sharp decline of 1.32%: On-chain large transfers and long contract liquidations jointly exert pressure

Between 13:30 and 13:45 (UTC) on March 10, 2026, Bitcoin (BTC) experienced a short-term sharp decline, with a return of -1.32%. The price fluctuation range was from 69,723.0 to 70,921.5 USDT, with an amplitude of 1.69%. Trading volume during this period significantly increased, with on-chain large transfers rising by 18%. Market volatility intensified, accompanied by a rapid rise in panic sentiment, reflecting investors' high concern over sudden anomalies. The main driver of this anomaly was the concentrated inflow of large on-chain transfers to exchanges, with some single transactions exceeding 1000 BTC, triggering institutional or large investor activity.

GateNews1h ago
Comment
0/400
No comments