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Trader Eugene: I have already opened a position in Bitcoin spot at $75,000 and plan to continue hoarding and hold it for a long time
2025-04-07 08:23:34

Odaily News Trader Eugene Ng Ah Sio posted on his personal channel, "Today at $75,000, I bought my first batch of spot BTC, the first time since we liquidated all major positions in January. I'm by no means saying this is the bottom, but I think we are approaching a price level that makes me willing to accumulate Bitcoin for the long term. Anyway, it's almost the first target price. There are a lot of pessimistic posts today, which is understandable-many people are panicking and suffering a lot. However, despite what you see online, in most cases, even if we eventually go down, the market will not keep falling. I think we have witnessed (especially after a 5% drop in pre-market futures today) an extreme event that is worth taking action. If the market continues to go down, I will pay attention to short-term rebounds in BTC and SOL for short-term operations, while continuing to accumulate more Bitcoin at lows and prepare to hold it for the long term."