logo

Trader Eugene: Currently not actively trading in the market, Bitcoin's breakout to the upside is a necessary condition for altcoin season.

By: theblockbeats.news|2025/08/30 11:32:13
0
Share
copy

BlockBeats News, August 30th: Trader Eugene Ng Ah Sio posted on his personal channel stating that he is currently not participating in the market trading. However, he needs to clarify for his followers that if they wish to see a substantial fluctuation in altcoins, they must rely on Bitcoin to drive the market, but currently, Bitcoin's performance has not met the bullish expectations.

Prior to this, on August 14th, Eugene stated that he had already closed most of his ETH positions to significantly reduce risk exposure because multiple warning signals were flashing before his eyes. On August 24th, he expressed his belief that the bull market cycle is coming to an end, and his personal ETH trading has come to a complete stop.

-- Price

--

You may also like

Naval personally takes the stage: The historic collision between ordinary people and venture capital

Naval personally stepped in as the chairman of the USVC Investment Committee. This SEC-registered fund launched by AngelList attempts to bring top private tech assets like OpenAI, Anthropic, and xAI to the general public with a $500 entry threshold. It is not just a new fund, but a structural experi...

a16z Crypto: 9 Charts to Understand the Evolution Trends of Stablecoins

Stablecoins are evolving from trading tools into universal payment infrastructure, and this process is quieter and more thorough than most people expected.

Refutation of Yang Haipo's "The End of Cryptocurrency"

This may be the true test of cryptocurrency. It's not about whether the price has reached a new high, nor about who will achieve financial freedom in the next bull market, but rather whether, after all the grand narratives have been washed away by cycles, it can still leave behind some simpler, more...

Can a hairdryer earn $34,000? Interpreting the reflexivity paradox of prediction markets

Prediction markets are essentially betting on reality, and when participants can access or even influence this path earlier, the market no longer just reflects reality but begins to shape it in return.

6MV Founder: In 2026, the "landmark turning point" for crypto investment has arrived

"I will deploy funds in 2026, so I will tell you this is the best year in history."

Abraxas Capital Mints $2.89 Billion USDT: Liquidity Boost or Just More Stablecoin Arbitrage?

Abraxas Capital just received $2.89 billion in freshly minted USDT from Tether. Is this a bullish liquidity injection for crypto markets, or is it business as usual for a stablecoin arbitrage giant? We analyze the data and the likely impact on Bitcoin, altcoins, and DeFi.

Contents

Popular coins

Latest Crypto News

Read more