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Trader Eugene: If Bitcoin can stay above $80k, speculators will return to the crypto market
BlockBeats News, on May 5th, trader Eugene Ng Ah Sio posted on his personal channel:
I haven’t expressed my opinions in a long time, mainly because I personally don’t have any particularly clear views on the crypto market. Trading cryptocurrencies has been a real ordeal lately; the opportunities in stocks are way better. The opportunity cost is real, but I finally see an opportunity I’m willing to bet on again.
Since I last posted, my bullish view has been correct (although it washed me out before the final rally). The $80k level for BTC is very critical for me because it’s the first sign of reclaiming the range since the downtrend started in September 2025. What’s missing now is a narrative specific to cryptocurrencies, but I still believe that in the crypto market, prices almost always lead fundamentals. So I believe that as long as we can stay above $80k long enough, speculators will come back.