Trader Eugene opened a long position in SOL, saying that BTC stabilized at $110,000 support

According to Odaily, trader Eugene has stated that he has attempted to open a long position in Sol (SOL). He believes that with BTC reclaiming the $110,000 mark, Sol is the strongest asset among major crypto assets. Due to ETH's weakening momentum and the compression of its mNAV indicator (BMNR below 1.1 and SBET below 1), he expects the market to shift to more resilient emerging tokens. Eugene also stated that he would immediately stop losses if BTC falls below $110,000.