The post Crypto Trader Predicts Further Decline in Altcoin Market appeared on BitcoinEthereumNews.com. Key Points: Trader Eugene Ng Ah Sio predicts further crypto market declines. Altcoin market expected to experience sustained downturn. Market reactions highlight trader caution and strategic shifts. Trader Eugene Ng Ah Sio predicted on October 18th a continued crypto market decline, especially for altcoins, via his personal channel, influencing market sentiment. This prediction adds to market uncertainty, highlighting potential structural damage and impacting investor strategies, especially in altcoin trading where caution is increasingly advised. Eugene Ng Ah Sio Warns of Altcoin Market Instability Eugene Ng Ah Sio, a notable crypto trader, communicated his views on the crypto market’s downturn through his personal channel. He noted that Bitcoin long positions have been stopped, suggesting a turbulent market. Eugene Ng Ah Sio stated, “The era of altcoins is over in the foreseeable future. The scale of this wealth destruction and its execution will leave a long-lasting imprint in participants’ minds. Long-short strategies are not feasible in the crypto market. Chain reaction will occur, but its extent is yet to be determined. I hope there won’t be any systemic issues. Farewell, crypto treasury companies.” Ng mentioned liquidating all XPL holdings, further indicating his perception of sustained instability. Community responses reflect a heightened level of caution, with many traders reconsidering their strategies following Ng’s remarks. Some traders, like Ng, have expressed skepticism over long-short strategies’ feasibility in the current climate. However, no immediate responses from major industry figures or regulatory bodies have surfaced publicly. Bitcoin Valuation Hits $106,979 Amidst Market Decline Did you know? Eugene Ng Ah Sio’s remarks echo past market cycles where altcoin wealth destruction was similarly pronounced, driving strategic shifts among traders. As of October 18, 2025, Bitcoin (BTC) is valued at $106,979.16, with a market cap of 2,132,766,570,306.00 and a dominance of 58.77%. The 24-hour trading volume is 75,602,406,071.00, reflecting… The post Crypto Trader Predicts Further Decline in Altcoin Market appeared on BitcoinEthereumNews.com. Key Points: Trader Eugene Ng Ah Sio predicts further crypto market declines. Altcoin market expected to experience sustained downturn. Market reactions highlight trader caution and strategic shifts. Trader Eugene Ng Ah Sio predicted on October 18th a continued crypto market decline, especially for altcoins, via his personal channel, influencing market sentiment. This prediction adds to market uncertainty, highlighting potential structural damage and impacting investor strategies, especially in altcoin trading where caution is increasingly advised. Eugene Ng Ah Sio Warns of Altcoin Market Instability Eugene Ng Ah Sio, a notable crypto trader, communicated his views on the crypto market’s downturn through his personal channel. He noted that Bitcoin long positions have been stopped, suggesting a turbulent market. Eugene Ng Ah Sio stated, “The era of altcoins is over in the foreseeable future. The scale of this wealth destruction and its execution will leave a long-lasting imprint in participants’ minds. Long-short strategies are not feasible in the crypto market. Chain reaction will occur, but its extent is yet to be determined. I hope there won’t be any systemic issues. Farewell, crypto treasury companies.” Ng mentioned liquidating all XPL holdings, further indicating his perception of sustained instability. Community responses reflect a heightened level of caution, with many traders reconsidering their strategies following Ng’s remarks. Some traders, like Ng, have expressed skepticism over long-short strategies’ feasibility in the current climate. However, no immediate responses from major industry figures or regulatory bodies have surfaced publicly. Bitcoin Valuation Hits $106,979 Amidst Market Decline Did you know? Eugene Ng Ah Sio’s remarks echo past market cycles where altcoin wealth destruction was similarly pronounced, driving strategic shifts among traders. As of October 18, 2025, Bitcoin (BTC) is valued at $106,979.16, with a market cap of 2,132,766,570,306.00 and a dominance of 58.77%. The 24-hour trading volume is 75,602,406,071.00, reflecting…