ChainCatcher message, trader Eugene Ng Ah Sio shares his views on the altcoin market, "Altcoins (Alts) rapidly fell back to these lows again within less than 48 hours after forming wick lows, 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."