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

律动BlockBeats
律动BlockBeats|4月 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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Timeline

5月 22, 14:02【Standard Chartered analyst predicts BTC to reach $200000 by the end of the year】
5月 22, 09:25【Bitcoin breaks through 110000, US dollar index falls below 100】
5月 22, 08:13【Cryptocurrency concept stocks in the US stock market collectively rose before trading】
5月 22, 08:02【Deribit Bitcoin Options Open $42.5 Billion】
5月 22, 07:59【Deribit Bitcoin Options Open $42.5 Billion】
5月 22, 06:35【James Wynn partially closed about $60 million in BTC multiple orders】
5月 22, 05:40【Bitcoin breaks historical high, market outlook optimistic】
5月 22, 05:20【The future trend of Bitcoin needs to be treated with caution】
5月 22, 05:18【The future trend of Bitcoin needs to be treated with caution】
5月 22, 04:45【Bitcoin hits a new high of over $110000】

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