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Trader Eugene Opens Long Position on SOL, Citing BTC Stabilizing at $110,000 Support

Summary: According to reports, trader Eugene has announced opening a long position on SOL. He believes that with BTC stabilizing above the $110,000 mark, SOL is the strongest asset among major cryptocurrencies. Due to weakening momentum in ETH and compressed mNAV indicators (BMNR below 1.1, SBET below 1), he anticipates a shift in the market towards ...

According to reports, trader Eugene has announced opening a long position on SOL. He believes that with BTC stabilizing above the $110,000 mark, SOL is the strongest asset among major cryptocurrencies. Due to weakening momentum in ETH and compressed mNAV indicators (BMNR below 1.1, SBET below 1), he anticipates a shift in the market towards more resilient emerging tokens. Eugene also mentioned that he will immediately stop loss and exit if BTC falls below $110,000.

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