According to CoinWorld, trader Eugene Ng Ah Sio posted on his personal channel that the market's "hellish difficulty" continues, with more whales being wiped out in the past week. Eugene had previously stated that the current market is highly volatile and not suitable for large-scale long or short operations, describing many excellent traders as being "cut into sashimi" in the volatile market, and that he himself also suffered losses in small-position short-term trading.