Eugene: Temporarily exit all markets, high probability of further market downturns

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.