Trader Eugene: Investors are anxious about holding spot positions, and the market may enter a consolidation phase

ChainCatcher message, trader Eugene Ng Ah Sio shared his views on the altcoin market, "Altcoins (Alts) quickly fell back to these wick lows within 48 hours after forming the lower wicks, and investors are extremely anxious about holding spot assets, eager to sell and exit. The market may enter a prolonged decline or consolidation phase, or experience a sharp sell-off and bottom out in a short period."