Express
Eugene: Altcoin Market Comes to an End, Bid Farewell to Crypto Treasury Companies
Summary: In a post on his personal channel, trader Eugene Ng Ah Sio stated that there have been many profound analyses regarding the events on Friday. In brief, he mentioned: · The altcoin market has come to an end in the foreseeable future. The scale of wealth destruction and the manner of execution will leave a ...
In a post on his personal channel, trader Eugene Ng Ah Sio stated that there have been many profound analyses regarding the events on Friday. In brief, he mentioned: · The altcoin market has come to an end in the foreseeable future. The scale of wealth destruction and the manner of execution will leave a lasting imprint on participants' minds. · Long-short strategies are not feasible in the crypto market. These strategies may be effective in normal market conditions, but often fail at critical moments. · Chain reactions (contagion) may occur, but the extent is yet to be determined. I hope there are no systemic major issues. · Farewell, crypto treasury companies.
Tags:
Link: Eugene: Altcoin Market Comes to an End, Bid Farewell to Crypto Treasury Companies [Copy]
