Trader Eugene: bearish bias denied, will seek long opportunities in altcoins

律动BlockBeats
律动BlockBeats|Apr 22, 2025 14:06
According to BlockBeats, on April 22nd, top trader Eugene Ng Ah Sio posted on his personal channel, "Bitcoin has surpassed $90000, and the price has climbed to my wall of concern. My bearish bias has been largely negated. If this continues, I will look for bullish opportunities on altcoins. The frenzy of the market sentiment will make a comeback among a wide range of altcoins, and I will dig deeper again Recently, Eugene posted that "Bitcoin short positions have been closed at the breakeven point, and the market is once again showing strong momentum, actually continuing to recover from the previous trading range. I have to face my bearish bias, especially during the tariff panic period, when altcoins seem to have hit bottom. Currently, I am in a contradictory state: logically speaking, I believe there is a lack of momentum to continue rising, but the price trend continues to negate this judgment. Ultimately, I need to face this deep-rooted bearish tendency. I choose to stay put and maintain a net book position to hedge
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