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Eugene: Already long on Bitcoin and some small-cap altcoins

2025-12-26 09:26:29

BTC-0.67%

BlockBeats News, December 26 — Trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. Now almost everyone is on holiday break, even the big sharks are observing and not biting much, as the (Bitcoin) price has not effectively broken below $84,000. The entire market volume has collapsed, and sellers are already quite exhausted. As long as a few big buyers step in, the thin order book will be easily torn apart. "The upside potential for longs below 90k is quite good, with clear stop-loss levels. I would rather test the waters now than wait until 95k or even 100k, only to hesitate and be at a loss. Additionally, January is usually a highly volatile month historically, and I bet that as December ends, this volatility will return in some form."

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