Deep Tide TechFlow news, on January 10, trader Eugene Ng pointed out that the current market panic sentiment is rising. The prices of BTC, ETH, and SOL have retreated to the low point area of December 5, and investors are beginning to worry that these support levels may be breached. The next support level for BTC is at $85,000, which is quite far from the current price.

Eugene stated that as the expectations for a January bull market gradually weaken, most investors have found that their open positions have completely retraced, and some have begun to incur losses. In addition, when cryptocurrency prices drop significantly, investors' confidence in the tokens they hold also diminishes.