Eugene: Long position was "liquidated" this time, has exited the trade
BlockBeats News, February 1st, trader Eugene Ng Ah Sio posted in his personal channel, saying, "It seems that this time we were actually the ones being 'harvested.' I'm pulling out first."
BlockBeats previously reported that on January 30th, trader Eugene Ng Ah Sio posted in his personal channel, saying, "This morning, I have redeployed a position of a relatively reasonable size. In the recent continuous market onslaught, it seems that even the most steadfast bulls have been liquidated. Emotionally, we can clearly see a lot of frustration and surrendering liquidations (along with many people calling for even lower prices). In my opinion, the risk/reward for a long position here is quite good, with a clear stop-loss below $80,000. I don't believe that crypto assets will underperform all risk assets in the long term. The current high probability is that we are at the end of this relatively weak phase. It's time to fire up again."
You may also like

Key Market Information Discrepancy on February 3rd - A Must-See! | Alpha Morning Report

Hyperliquid is about to launch a prediction market, what are the new features of the HIP-4 protocol?

When Kevin Wismar speaks, which assets will rise?

Reviewing the Epstein Files, Reveals Encounter with Satoshi Nakamoto

Six Years Later: If Soros Wanted to Destroy Bitcoin, How Would He Do It?

The early Epstein encryption investment was dug out, Tether launched a Bitcoin mining operating system, what are the overseas coin circles talking about today?

Escape from Leviathan: Epstein, Silicon Valley, and Sovereign Individual
AI Trading's Ultimate Test: Empower Your AI Strategy with Tencent Cloud to Win $1.88M & a Bentley
AI traders! Win $1.88M & a Bentley by crushing WEEX's live-market challenge. Tencent Cloud powers your AI Trading bot - can it survive the Feb 9 finals?

Russia’s Largest Bitcoin Miner BitRiver Faces Bankruptcy Crisis – What Went Wrong?
Key Takeaways BitRiver, the largest Bitcoin mining operator in Russia, faces a bankruptcy crisis due to unresolved debts…

Polymarket Predicts Over 70% Chance Bitcoin Will Drop Below $65K
Key Takeaways Polymarket bettors forecast a 71% chance for Bitcoin to fall below $65,000 by 2026. Strong bearish…

BitMine Reports 4.285M ETH Holdings, Expands Staked Position With Massive Reward Outlook
Key Takeaways BitMine Immersion Technologies holds 4,285,125 ETH, which is approximately 3.55% of Ethereum’s total supply. The company…

US Liquidity Crisis Sparked $250B Crash, Not a ‘Broken’ Crypto Market: Analyst
Key Takeaways: A massive $250 billion crash shook the cryptocurrency markets, attributed largely to liquidity issues in the…

Vitalik Advocates for Anonymous Voting in Ethereum’s Governance — A Solution to Attacks?
Key Takeaways Vitalik Buterin proposes a two-layer governance framework utilizing anonymous voting to address collusion and capture attacks,…

South Korea Utilizes AI to Pursue Unfair Crypto Trading: Offenders Face Severe Penalties
Key Takeaways South Korea is intensifying its use of AI to crack down on unfair cryptocurrency trading practices.…

Average Bitcoin ETF Investor Turns Underwater After Major Outflows
Key Takeaways: U.S. spot Bitcoin ETFs hold approximately $113 billion in assets, equivalent to around 1.28 million BTC.…

Japan’s Biggest Wealth Manager Adjusts Crypto Strategy After Q3 Setbacks
Key Takeaways Nomura Holdings, Japan’s leading wealth management firm, scales back its crypto involvement following significant third-quarter losses.…

CFTC Regulatory Shift Could Unlock New Opportunities for Coinbase Prediction Markets
Key Takeaways: The U.S. Commodity Futures Trading Commission (CFTC) is focusing on clearer regulations for crypto-linked prediction markets,…

Hong Kong Set to Approve First Stablecoin Licenses in March — Who’s In?
Key Takeaways Hong Kong’s financial regulator, the Hong Kong Monetary Authority (HKMA), is on the verge of approving…