Trader Eugene: The crypto market shows signs of fatigue, and mainstream coins may lose key levels

ChainCatcher news, trader Eugene cited trader Ansem's tweet, indicating that there are multiple signs in the recent crypto market suggesting an overall fatigue. He mentioned that after returning to the market two weeks after exiting, he initially thought there would be a rebound following the largest liquidation of the year, but positions continue to decline, indicating a lack of marginal buyers. In his view, the crypto market is gradually decoupling from broader risk assets and may soon break below key levels of BTC 100,000, ETH 3,400, and SOL 160.

Ansem also distinguished between two types of large-scale long liquidations: one occurs during a bull market, where spot buying drives prices to quickly reverse and reach new highs after leverage is cleared; the other reflects exhaustion of buying pressure, signaling the end of a trend.