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BTC $62,621.42 -0.56%
ETH $1,664.85 -1.07%
BNB $597.13 -1.01%
XRP $1.13 -0.80%
SOL $65.73 -0.74%
TRX $0.3253 -0.48%
DOGE $0.0849 -0.98%
ADA $0.1665 +1.77%
BCH $205.72 -7.97%
LINK $7.83 -1.05%
HYPE $62.23 +2.49%
AAVE $62.12 -1.58%
SUI $0.7465 -1.08%
XLM $0.1986 -1.73%
ZEC $446.79 +3.49%

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

2025-04-07 16:25:28
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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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