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Top trader Eugene: All positions have been cleared and the market is expected to experience drastic fluctuations in the next two weeks

BlockBeats news, on October 30, top trader Eugene posted a summary of his October transactions on his social platform, saying, "The theme of this month's transactions is to buy on dips. At the beginning of this month, I stopped losses at the lows of WIF and PEPE because of panic news (FUD) that bet too early on the Iran/Israel war. Although the intuition was correct, due to execution errors, I bought at a low level and then sold it back, resulting in some serious losses. Soon after, I resumed trading and steadily conducted beta transactions during the rise of Bitcoin from $60,000 to $69,000. At the same time, I also traded ENA on perpetual contracts, but I have accumulated some good spot positions and intend to hold them for a long time.


I bought SOL at the low point at the end of the month, but sold it too early, and only went long from 164 to 175 in the short term. After selling SOL, I became too impatient and shorted when BTC broke through 7. 10,000 USD. Currently the position has been cleared. The market is expected to experience drastic fluctuations in the next two weeks. It seems that both longs and shorts will be hit hard. Users need to do a good job of risk management.

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Eugene believes that discovering opportunities relies on experience, trial and error, and nurturing intuition.
1. The Federal Reserve will announce its interest rate decision at 2 a.m. on August 1 2. Matrixport said Bitcoin is currently uncorrelated with Nasdaq 3. An address successfully sniped NEIRO through Banana Gun, with a floating profit of more than 116 times 4. Top trader Eugene Ng Ah Sio has completed the long-term holding of altcoins 5. Bitcoin mining difficulty increased by 10.5% to 90.67 T, a record high
1. Bitcoin rebounded above $56,000, with a 24-hour increase of 0.61% 2. SOL price rebounded to above $140 in a short period of time, with a 24-hour increase of 5.62% 3. BNB rebounded above $480, and the 24-hour decline narrowed to 2.06% 4. ZkRollup network Zircuit opened ZRC airdrop applications, 7% of ZRC supply (262,200 addresses) are eligible to receive, with a total of 10 billion, 21% for airdrops and community reward distribution 5. Top trader Eugene Ng Ah Sio hinted on social platforms that he may have opened a position again, involving 2x perpetual contract positions of ETH and SOL
Last week, Ethereum spot ETF saw a net inflow of $349 million, while Bitcoin spot ETF saw a net outflow of $388 million during the same period.
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