Top trader Eugene: Stop shorting, switch to bullish long positions
Top trader Eugene Ng Ah Sio posted on social media that he has closed his short positions, and the open interest of Bitcoin contracts disappeared as the price of BTC rose, so he has flipped to long.
Eugene Ng Ah Sio currently opened a 3x long position at a Bitcoin price of $67,354 with a holding amount reaching $35.42 million. As previously reported, Eugene Ng Ah Sio said yesterday that the current open position of Bitcoin is a bit high. Considering the upcoming election, he is somewhat worried about the market's sensitivity to BTC's decline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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