Trader Eugene: Currently not participating in market trading; a breakout in Bitcoin is a necessary condition for an altcoin season to occur.

BlockBeats News, August 30, trader Eugene Ng Ah Sio stated on his personal channel that he is currently not participating in market trading, but needs to clarify (for his followers) that if one hopes for significant volatility in altcoins, it must rely on bitcoin (breaking upwards) to drive the market. However, bitcoin's current performance has not met the expectations of the bulls.

Previously, on August 14, Eugene stated that he had closed most of his ETH positions to significantly reduce risk exposure, as multiple warning signals were flashing before his eyes. On August 24, he expressed his belief that the bull market cycle was coming to an end, and that his personal ETH trading had completely concluded.