Trader Eugene: Most of the ETH long positions have been closed, still holding long positions in small-cap cryptocurrencies

ChainCatcher message, as trader Eugene Ng Ah Sio stated in a personal channel: "I have closed most of my ETH positions here, significantly reducing my risk exposure------although I cannot predict how crazy the market will get, multiple warning signals are flashing before my eyes.

The initial strategy of building a long position in ETH at $2500 has been fully realized, capturing both rounds of the upward trend (from $2500 to $4000, and then from $4000 to $4800). If a third round of highs occurs (assuming it comes true), there will be a scene of traditional financial capital continuously pouring into ETH, with a high degree of consensus in the market. Although this scenario is not impossible, for traders focused on capital protection, the risk-reward ratio of continuing to aggressively go long is no longer attractive.

While I still tactically hold long positions in other small-cap cryptocurrencies, I have fully compressed my position size and switched back to capital preservation mode.

Let’s cherish this last carnival as we go."