BTC $62,905.44 -0.67%
ETH $1,877.46 -0.36%
BNB $605.04 -0.66%
XRP $0.9986 -1.03%
SOL $74.95 -1.49%
TRX $0.3326 -0.34%
DOGE $0.0696 -0.77%
ADA $0.1792 -1.08%
BCH $202.29 -1.92%
LINK $8.98 +1.89%
HYPE $55.63 -3.34%
AAVE $86.19 -1.72%
SUI $0.6773 -1.28%
XLM $0.1588 -0.57%
ZEC $489.67 +1.19%
BTC $62,905.44 -0.67%
ETH $1,877.46 -0.36%
BNB $605.04 -0.66%
XRP $0.9986 -1.03%
SOL $74.95 -1.49%
TRX $0.3326 -0.34%
DOGE $0.0696 -0.77%
ADA $0.1792 -1.08%
BCH $202.29 -1.92%
LINK $8.98 +1.89%
HYPE $55.63 -3.34%
AAVE $86.19 -1.72%
SUI $0.6773 -1.28%
XLM $0.1588 -0.57%
ZEC $489.67 +1.19%

Trader Eugene: Built a position in Bitcoin spot at $75,000, ready to continue accumulating and holding long

2025-04-07 16:25:28

ChainCatcher message, trader Eugene Ng Ah Sio posted in his personal channel, "Today, at $75,000 for Bitcoin, I bought my first batch of spot BTC, which is the first time since we liquidated all major positions in January. I’m not saying this is the bottom, but I believe we are approaching a price level that makes me willing to accumulate Bitcoin for the long term. Anyway, we are almost at the first target price. There are a lot of pessimistic posts today, which is understandable------many people are panicking and suffering greatly. However, despite what you see online, in most cases, even if we eventually go down, the market won't keep falling indefinitely. I believe we have witnessed an extreme event (especially after the futures dropped 5% in pre-market today) that is worth taking action on. If the market continues to decline, I will look for short-term rebounds in BTC and SOL for short-term trades, while continuing to accumulate more Bitcoin at the lows, preparing for long-term holding."

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