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

Dialogue Michael Saylor: The cost of holding strategy has no substantial meaning, Bitcoin's utility is high, so its volatility is large

When everyone is selling software stocks, HSBC says you are wrong

Will 99% of tokens go to zero?

How did the great detective ZachXBT become adept at solving bizarre cases?

The cryptocurrency crash that evaporated 40 billion dollars, some people knew the outcome 10 minutes in advance

Institutions are embracing cryptocurrency, but practitioners are unusually frustrated. Who will ultimately win?

Morning Report | Bitwise acquires Chorus One; Circle announces Q4 2025 and full-year performance; Stripe initiates share buyback at a valuation of $159 billion

Vitalik Chiang Mai Dialogue: The Explosion of Artificial Intelligence, What Should Crypto Fight For?

Stock price rises over 35%! Circle's financial report exceeds expectations: USDC circulation surges by 72%

A transaction of $0.1 can cause Polymarket market makers to lose everything

The AWS of the Financial World: Why It Becomes the Biggest Winner in the Era of AI + Stablecoins

Token goes overseas, selling Chinese electricity to the world

Morning Report | Kalshi publicly punishes insider trading for the first time; STS Digital completes $30 million financing; American Bitcoin announces 2025 financial report

The handover of the payment industry: The hundred billion unicorn Stripe may swallow PayPal, heavily investing in stablecoins and AI

The price of Aave has dropped over 82% from its peak, and an ecosystem contributor has revealed the current operational status in a lengthy article

It's 2026, how should we reasonably assess the market value of L1?

Why did Bitcoin, which was supposed to hit $150,000, get cut in half, and the mastermind behind it is actually Jane Street?
