Eugene: This' shanzhai season 'may be the weakest in history, with a defensive attitude towards the August market

Renowned cryptocurrency trader Eugene (0xENAS) stated that he has exited most of his long positions and maintained a defensive stance. He pointed out that August has always been a difficult month to predict, and the market may not be smooth sailing this year. In addition, he mentioned that this "shanzhai season" may be the weakest in history, as although ETH prices have risen, it has not brought significant wealth effects. This indicates that institutional investors are the main buying force, and funds have not flowed back into the altcoin market. Therefore, he suggests continuing to focus on ETH investment.