Trader Eugene: Has Closed Most ETH Long Positions, Still Holding Long Positions in Small-Cap Tokens

According to ChainCatcher, trader Eugene Ng Ah Sio stated on his personal channel: "I have closed most of my ETH positions here, significantly reducing my risk exposure—while it's impossible to predict just how wild the market might get, multiple warning signals are flashing before my eyes.

The initial strategy of going long on ETH at $2,500 has been fully executed, capturing both rounds of upward movement ($2,500→$4,000, then $4,000→$4,800). If there is a third surge (assuming it happens), it would likely be accompanied by a frenzy of traditional finance capital continuously flowing into ETH and a highly unified market consensus. While this scenario is not impossible, for traders who prioritize capital preservation, the risk-reward ratio for continuing to go aggressively long is no longer attractive.

Although I still tactically hold long positions in other small-cap coins, I have significantly reduced my overall position size and switched back to capital preservation mode.

Let us cherish this final celebration while it lasts."