According to the news from Bijie.com, on January 9, trader Eugene Ng Ah Sio pointed out on the X platform that mainstream coins such as BTC, ETH, and SOL are retesting the lows of December 5, 2024, which may be a turning point for market participants to start panicking. BTC's current key support level is around $85,000. Once this support is lost, it may trigger a larger-scale sell-off. At the same time, the latest data released by Sentiment shows that in the past 30 days, the average return rate of active wallets of major cryptocurrencies such as BTC, ETH, ADA, and DOGE has been in the negative zone, which means that most market participants are operating at a loss. This "bloody" market atmosphere is usually seen as a potential layout opportunity for long-term investors, but the current panic may further exacerbate volatility. Eugene also mentioned that many investors' psychological expectations for the "January bull market" have gradually weakened, and most people have begun to realize that the assets they have not sold may have gone through a complete cycle of ups and downs, and their accounts have lost profits or even fallen into losses. Sentiment analysis suggests that investors should not expect an immediate market reversal based solely on these signals.

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