In a surprising turn of events, trader Eugene Ng Ah Sio has decided to step back from the cryptocurrency markets, citing confusion over recent price trends. According to the experts cited in the publication, the situation is becoming critical, and his announcement on January 23 has raised eyebrows among investors who were hoping for a bullish start to the New Year.
Ng's Concerns About Market Conditions
Ng expressed his concerns about the current market conditions, stating that higher time frames reveal an unideal pattern that suggests a potential decline in prices. Despite his initial optimism for the New Year, which he believed would propel prices above the $100,000 mark, he now sees this scenario as increasingly unlikely.
Temporary Exit from Markets
In light of these developments, Ng has chosen to temporarily exit all markets, opting to focus on his life outside of trading. His decision reflects a cautious approach in a volatile environment as many traders continue to navigate the uncertainties of the crypto landscape.
While trader Eugene Ng Ah Sio steps back from the crypto markets due to concerns over price trends, Indonesia's cryptocurrency market has recently experienced significant growth, with trading volumes reaching 3.132 trillion in 2025. For more details, see read more.
