eugene

Trader Eugene stated on June 7 that he has exited the cryptocurrency market and turned to the stock sector, believing that stocks are more attractive at the research level and that there are significantly more trading and investment opportunities. Eugene indicated that given the current trend of the cryptocurrency market, this shift may be lasting, and he will monitor the cryptocurrency market from a distance in the future but will no longer participate unless an extremely attractive risk-reward opportunity arises, which he does not see happening in the short term.Regarding Strategy (MSTR) and Saylor, Eugene believes this is the beginning of the entire collapse, questioning whether Saylor has really sold more BTC than last week, and even if he has, it is merely delaying the issue. He stated that before MSTR decouples from BTC, BTC is untouchable from a bullish perspective, and he mentioned that he does not know where the bottom is but is no longer attempting to catch the bottom.

Trader Eugene posted on his personal channel that SOL is currently showing strong relative strength among mainstream crypto assets, with a more stable trend compared to ETH and HYPE, and is seen as the most likely mainstream token to break out of the three-month consolidation range first. Analysis indicates that if SOL effectively breaks through the key resistance level of $96, the next target range may look towards around $120, with a potential upside of about 25%. At the same time, he also believes that as long as BTC does not fall below $80,000, market risk appetite is expected to remain, and funds can be positioned in advance for the breakout trend.

Trader Eugene posted on Telegram that he has switched to a long position and pointed out that despite the global risk sentiment declining, the crypto market still maintains a strong performance. This is the first time since the price collapsed from the $60,000 high that a significant relative strength signal has appeared.Eugene stated that his trading style tends to favor buying on breakouts after a consolidation range, rather than bottom-fishing, to control risk. He also observed that several altcoins are forming a natural rounded bottom pattern, believing that the crypto market has a higher probability of moving upward in the short term.He further noted that if BTC effectively breaks through $74,000, it will likely trigger a comprehensive rally in the crypto market, and he expects mainstream coins ETH and SOL to return to previous ranges, with target prices of $2,400 and $100, respectively.

Trader Eugene Ng Ah Sio posted on his personal channel that one should buy when the streets are running with blood, even if it’s your own blood.

Trader Eugene Ng Ah Sio posted on his personal channel, "I am still not interested in the market. Everything looks terrible, and the next price level I am certain of is far below the current price. It's unfortunate that things are developing along this path, but I am once again fully in cash and waiting."

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."

Trader Eugene Ng Ah Sio posted on his personal channel, "I don't quite understand the latest price movements this week, so I plan to wait and see for a while. From a higher time frame (HTF) perspective, the pattern doesn't look ideal, and my judgment is that the price is likely to go lower.I originally hoped that the new year would bring enough momentum to push the price above $100,000 and catch up with other risk assets, but it now seems that this is unlikely to happen.Temporarily stepping back from all markets, returning to real life, and once again 'touching grass'."

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "Most altcoin long positions have exited------although it hasn't reached the excess returns I expected, I'll take the profits I can get for now. The core Bitcoin long positions are still held, but I have significantly converted back to cash, waiting for the next opportunity to position."

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "The trading plan remains unchanged, firmly holding on and waiting for SOL to rise."Eugene previously mentioned on the 8th, "Re-entering SOL, during this round of rebound, I have been looking for a target worth focusing on, and currently, SOL has shown the strongest relative strength among the three major cryptocurrencies. From a technical analysis perspective, SOL also offers one of the cleanest trading patterns, with the potential to swing up to $160 or even $200, provided that this market trend can continue, and Bitcoin has a chance to reach $100,000 in the future.I believe SOL is sufficiently 'anti-consensus' ------ it's difficult for people in the market to find enough reasons to go long, and this is often the best entry point. By the time all the reasons are laid out, the market has usually already completed 50% of the move. Now, I just hope Bitcoin can hold at $90,000; this pullback is just the first washout before the rise, and then a new round of upward movement can begin."

Trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. Now almost everyone is on holiday, even the big sharks are watching from the sidelines and not biting much, with the price of Bitcoin not effectively breaking below $84,000. The overall market volume has completely collapsed, and sellers are quite exhausted.As long as a few big buyers enter the market, the thin order book can be easily torn apart. "There is quite a good upside potential for going long below 90k, with clear stop-loss levels. I would rather test the waters here now than hesitate and be at a loss when it gets to 95k or even 100k. Additionally, January is historically a month with a lot of volatility, and I bet that as December ends, this volatility will return in some form."

Trader Eugene Ng Ah Sio posted on his personal channel that he has successfully navigated the repeated fluctuations over the past month and believes that most altcoins have entered "Phase 5" (Regime 5, see the chart below). It is now time to start compiling a watchlist and placing buy orders.However, mainstream coins are still in Phase 4—DAT has not truly collapsed yet. Therefore, it is time to watch the market with a "ready to buy" mindset, rather than waiting to short on a rebound.Eugene stated, "This year has been a struggle for most, but 2026 will be better."

Trader Eugene Ng Ah Sio posted on his personal channel, "Increased long positions in ETH and SOL. The swing indicators have clearly returned to the oversold range, and I believe it's time to start increasing risk exposure in this market."

Trader Eugene posted that since October 10, most altcoins have experienced significant pullbacks. He believes that the phase of selling pressure has basically been released, and most investors who chose to cut losses have exited during the continuous five-week decline. He pointed out that if the market rebounds, quality tokens driven by fundamentals may perform better, with Uniswap receiving more attention due to recent progress on fee switch developments.Eugene stated that UNI has factors such as no historical heavy positions, a strengthened income narrative, and the current price being close to the level before the fee adjustment proposal was announced, which may provide upside potential in the coming weeks. The invalid range for his viewpoint is below $6.50.

Trader Eugene Ng Ah Sio posted on his personal channel that Bitcoin's drop below $100,000 is mainly due to two reasons. First, the bulls in this cycle are maintaining the last line of defense for the bullish structure, and the 50-week moving average trend has officially been broken, marking the first occurrence since 2022. Second, $100,000 is a very strong psychological barrier, which has been defended 3 or 4 times before, but this time it has finally been breached, and it will now become a new resistance level for upward movement.Therefore, Eugene stated that he will not attempt to buy the dip at the moment and will consider $90,000 as the next range worth paying attention to.

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "The discussion about Uniswap enabling the fee switch exhibits a phenomenon of 'seeing the trees but not the forest.' We are witnessing how a pro-crypto regulatory framework is changing the value accumulation strategies at the protocol level, ultimately benefiting token holders.This is a very positive step forward for the entire DeFi industry and sets a reference precedent for future protocols. As insider sell-offs gradually come to an end, active market participants will be able to value these protocols more reliably based on fundamentals. At that point, the crypto market will have less of a casino vibe and more characteristics of traditional stock markets."

Trader Eugene Ng Ah Sio posted on his personal channel, stating, "Jokes aside, the current price action (PA) aligns with my expectations of the market structure transitioning from Regime 3 to Regime 4. The evolution of events takes time, and Bitcoin hasn't dropped below $100,000 yet, so the bulls haven't completely lost ground.However, the slower the decline and the longer the price stays in this range, the worse the outlook will be. I believe the next few months will be tough for most of us. We must find a balance between preserving capital and not falling into excessive bearishness.Of course, completely disconnecting and exiting the market is not the best choice—after all, the overall global risk markets and macro outlook remain positive.The trend of crypto speculators flowing into global stock markets is likely to continue until that 'ultimate bubble' bursts. But I think entering the stock market now is like buying NFTs in mid-2021. In this dilemma, we can only rely on poetry to guide us through the stars."

ChainCatcher message, trader Eugene Ng Ah Sio posted in his personal channel, "I still maintain the view that the market is currently at hellish difficulty, and do not make significant trades (whether long or short) until I believe market conditions have eased. But for now, all I see is excellent traders being repeatedly harvested by the market like slicing sashimi (including my own small-scale short-term trades). "

ChainCatcher news, trader Eugene initiated a poll on his TG regarding the loss of investor funds due to the black swan event on October 11.The results showed that 20% of participants lost more than 50% of their principal, nearly 40% lost over 20%, while about 45% of investors kept their losses under 10%.Previous reports indicated that Eugene had already reduced his position and taken profits before the outbreak of the black swan event, successfully lowering his risk exposure.

ChainCatcher message, trader Eugene Ng Ah Sio posted in his personal channel that there have been many profound analyses regarding Friday's events. I will briefly mention a few points:The altcoin market has ended for the foreseeable future. The scale of wealth destruction this time, as well as the manner in which it was executed, will leave a long-lasting imprint on the minds of participants.Long-short strategies are not feasible in the crypto market. These strategies may work in normal market conditions, but they often fail at the most critical moments.Contagion will occur, but the extent is yet to be determined. I hope there are no systemic major issues.Goodbye, crypto treasury companies.