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In the latest update from COINOTAG News on March 12, renowned trader Eugene Ng Ah Sio shared insights via his personal channel regarding recent market movements. Following a marked increase in the Consumer Price Index (CPI), which subsequently triggered a robust rebound in Bitcoin (BTC) prices, Ng revealed that he had established a modest short position on BTC at the price point of $84,200. This strategic move reflects his intent to recalibrate his trading stance in response to the latest market dynamics, underscoring the importance of portfolio adjustment in an evolving financial landscape. As traders navigate through the complexities of cryptocurrency markets, insights like Ng’s are crucial for informed decision-making, particularly in light of fluctuating economic indicators impacting digital asset valuations.
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