Trader Eugene: Closed most of the long positions, locked in profits, ready for the next opportunity

By: theblockbeats.news|2025/07/22 05:22:16

BlockBeats News, July 22nd, trader Eugene Ng Ah Sio posted on his personal channel stating, "I have already exited from the majority of my long positions. Ethereum has surged from $2500 to $3800. To see such a price movement within two weeks is the best outcome I could ask for."

"I believe the 'easy' part of this trade has been completed. If I were to continue holding, I would need to have more psychological resilience when it comes to breaking the all-time high. I have never been good at chasing momentum trades, so I leave this part to those who are good at it. From a position perspective, the market has shifted from 'underleveraged' to 'overleveraged,' with institutional buyers significantly increasing their positions over the past few days."

"ETHBTC has also just hit my mid-term target of 0.03, indicating that the entire trading thesis has been almost perfectly realized. Now, I choose to take profits and prepare for the next opportunity."

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