Bitcoin $100,000 at Risk: Trader Eugene Ng Warns Market Fatigue Could Trigger Major Support Break

On September 24, trader Eugene Ng Ah Sio told COINOTAG News that multiple technical and liquidity indicators point to a pronounced cryptocurrency market fatigue state. He framed the observation as a measured assessment, highlighting subdued buyer participation and weaker-than-expected rebound dynamics across major tokens.

Ng reported that after a two-week hiatus he re-entered during one of the year’s largest liquidation events but found his positions continued to deteriorate, which he interprets as evidence of scarce marginal buyers. He referenced a historical split — roughly 80% of dip-buy liquidation trades recover versus about 20% that do not — to illustrate constrained liquidity depth.

He cautioned this backdrop could prompt a temporary decoupling from broader risk-on markets and raise the likelihood of testing critical support levels. The asset thresholds he highlighted were BTC $100,000, ETH $3400 and SOL $160, and he presented these as his market perspective rather than definitive forecasts.