PANews reported on January 30th that trader Eugene Ng Ah Sio posted on his Telegram channel: "I redeployed a reasonably sized position this morning. This recent market downturn seems to have wiped out even the most steadfast bulls, with a clear sense of frustration and capitulation (while many are also calling for even lower prices). In my opinion, the risk-reward ratio for going long here is quite good, and the stop-loss is clearly set below $80,000. I don't believe crypto assets will consistently underperform all risk assets; we're likely nearing the end of this relatively weak phase. It's time to fire again."