Odaily Planet Daily reported that trader Eugene Ng Ah Sio posted on his personal channel that he is not currently participating in market transactions, but he needs to explain (to his followers) that if you want to see substantial fluctuations in altcoins, you must rely on Bitcoin (an upward breakthrough) to drive the market, but Bitcoin's current performance has not met the expectations of bulls.

Previously, Eugene said on August 14 that he had closed most of his ETH positions to significantly reduce his risk exposure because multiple warning signs were flashing before his eyes. On August 24, he also said that he believed the bull market cycle was coming to an end and that his personal ETH trading had been completely terminated.