Eugene: The position has been redeployed, with the stop loss set below 80,000 USD

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "This morning I have redeployed a relatively reasonable position. The market has recently faced a series of blows, seemingly washing out even the most steadfast bulls. There is a noticeable amount of frustration and capitulation in the sentiment (while many are also calling for lower prices).

In my view, the risk-reward ratio for going long here is quite good, and the stop-loss level is very clear, set below $80,000. I do not believe that crypto assets will underperform all risk assets in the long term; we are likely at the tail end of this relatively weak phase. It's time to fire again."