Eugene: Have redeployed position, with stop-loss set below $80,000

BlockBeats News, January 30th, trader Eugene Ng Ah Sio posted on his personal channel stating, "I have redeployed a relatively reasonable sized position this morning. With the recent continuous market onslaught, it seems that even the most steadfast bulls have been liquidated. Emotionally, you can clearly see a lot of frustration and surrendering liquidation (along with many people calling for even lower prices).

In my opinion, the risk-reward ratio for longing here is quite good, and the stop-loss level is also very clear, set below $80,000. I do not believe that crypto assets will underperform all risk assets in the long term, and it is likely that we are now at the end of this round of relatively weak phase. It's time to fire up again."