Eugene: Already long on Bitcoin and some small-cap altcoins

Odaily Planet Daily reports that trader Eugene Ng Ah Sio posted on his personal channel that he has gone long on Bitcoin and some small-cap altcoins. With almost everyone on holiday, even the big sharks are watching and not biting, and the price of Bitcoin hasn't been able to break below $84,000. Trading volume across the market has completely collapsed, and sellers are quite exhausted. A few large buyers entering the market can easily tear apart the thin order book. "The upside potential for going long below $90,000 is quite good, with clear stop-loss levels. I'd rather test the waters here now than wait until $95,000 or even $100,000 to hesitate and be at a loss. Also, January is historically a very volatile month, and I'm betting that this volatility will return in some form as December ends."