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In a recent statement, prominent trader Eugene Ng Ah Sio expressed his viewpoint on the current state of the cryptocurrency market following key announcements. He noted that prior to Trump’s announcement, he was significantly invested in long positions. However, at current levels of $80,000 for Bitcoin (BTC) and $130 for Solana (SOL), he has closed most of these positions, citing a shift in the risk-reward ratio to a neutral stance. Ng indicated that both latecomer shorts and longs are at risk of liquidation, emphasizing that only disciplined traders can navigate this volatile environment profitability. He highlighted the importance of price action after March 7th, suggesting that upcoming market movements will provide clearer insights. Moreover, Ng expressed skepticism about Trump’s potential inclusion of SOL, ADA, and XRP in a strategic reserve, yet acknowledged Trump’s unexpected influence in political spheres.
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