Top Trader Eugene Ng Ah Sio Sells Bitcoin Amid Market Stagnation, Eyes Monday for Action

In a recent update, renowned trader Eugene Ng Ah Sio shared insights regarding his recent Bitcoin transaction. On April 5th, he disclosed through his personal channel that he had liquidated a portion of his Bitcoin holdings. Ng mentioned his initial intention was to leverage the weekend period, typically characterized by reduced market activity, to capitalize on potential upticks in market momentum. However, he expressed concern over the ongoing market stagnation, indicating a lack of volatility that seems to persist. Ng speculated that traders might need to wait for Monday’s opening in New York for a palpable shift in market dynamics. Such insights emphasize the importance of timing and market conditions in cryptocurrency trading strategies, particularly as traders navigate through phases of market inactivity.