Planet Daily News: Trader Eugene stated in a Telegram group that the current market has entered the fifth stage (bulls losing money, price consolidation, and shrinking trading volume and volatility). In this stage, some stronger Altcoins have reached their bottom, but it is still uncertain whether the global bottom for most assets has been reached. Eugene explained that this is the stage he participates in the least, mainly because volatility is very small, whether rising or falling. He will only try to pick one or two targets that he believes are more defensive than ordinary Altcoins, hoping they will perform better if his bearish judgment is wrong, but nothing more. The tricky part of the fifth stage is that it could last any length of time. In my view, considering the lack of structural damage (no companies or projects collapsing), I believe we will not stay in this stage as long as in the previous cycle, but this is just my speculation. Cryptocurrency may continue to follow the stock market trend for some time.