Eugene: Has re-entered the market and deployed positions, with a stop loss set below $80,000.

BlockBeats News, January 30, trader Eugene Ng Ah Sio posted on his personal channel, stating, "This morning, I have redeployed a reasonably sized position. The market's recent consecutive blows seem to have washed out even the most steadfast bulls, and there is a clear sense of frustration and capitulation in sentiment (with many also calling for even lower prices).

In my view, the risk-reward ratio for going long here is quite attractive, and the stop-loss level is also very clear, set below $80,000. I don't believe that crypto assets will underperform all risk assets in the long run; most likely, we are now at the tail end of this relatively weak phase. It's time to fire again."