Market Enters Fifth Phase with Reduced Volatility, Says Trader

According to BlockBeats, trader Eugene shared insights on his personal channel, indicating that the current market has entered the fifth phase characterized by bullish losses, price consolidation, and reduced trading volume and volatility. Eugene noted that while some stronger altcoins have reached their bottom, the global bottom for most assets remains uncertain. Eugene explained that this phase is one in which he participates the least due to minimal volatility, regardless of market direction. He plans to select one or two assets that he believes are more defensive than typical altcoins, hoping they will perform better if his bearish outlook proves incorrect. The challenge of the fifth phase lies in its unpredictable duration. Eugene speculates that, given the absence of structural disruptions such as company or project failures, this phase might not last as long as the previous cycle. However, he acknowledges this is merely conjecture, and cryptocurrencies may continue to follow stock market trends for some time.