Top trader Eugene: Worried about economic Depth decline, suggests preserving assets as the top priority at present

BlockBeats news, on August 6, top trader Eugene Ng Ah Sio shared some long-term views on market operations on social media, including: 1. When there is a lot of uncertainty and weakness in the market, I usually hesitate to go long. 2. I have bought AltCoins before, but with risk limits. After BTC fell below $60,000, I gave up buying. In the foreseeable future, I will not buy these AltCoins again. 3. This decline is the result of the uncertainty of the U.S. election + the Close Position of the yen Arbitrage trade. But what worries me the most is the decline in Depth, because this usually triggers a bear market in Depth stocks, and Cryptocurrency has never experienced such a situation. We are not sure how Cryptocurrency will perform in this environment, but if the current PA is a signal, people will lose a lot of money due to imitating too quickly. 4. Despite the recent significant decline, I still see a considerable amount of complacency in the market. Longs entered from the high point, believing this is a Black Swan Event, and once everything calms down, Cryptocurrency will rise in a V-shape. This is possible, but the longer we spend here, the more uneasy these participants will feel. 5. As always, I recommend preserving capital as a top priority in this situation. But since early August, market participants have been playing a game of legendary difficulty.