Trader Eugene: Increase long position in ETH. If Bitcoin is not a false breakout, a large number of shorts may be forced to close their positions

ChainCatcher message, top trader Eugene Ng Ah Sio posted on his personal channel, "Increased my long position on ETH. If Bitcoin breaks through $86,000 this time without a false breakout (SFP), I believe this will be enough to force a large number of default short sellers to close their positions passively, at which point market sentiment may be completely dominated by 'animal spirits'."