Eugene: Garrett Jin is significantly reducing his BTC holdings, and the current market trading difficulty is extremely high.
According to Odaily, trader Eugene stated on his personal channel that Garrett Jin is rapidly reducing his bitcoin (BTC) positions. Eugene mentioned that he does not wish to become the other party's exit liquidity, so he has once again chosen to stay out of the market and observe. He pointed out that the current market trading difficulty is at an extremely high level, and he will only participate in trading opportunities with a clear risk/reward (R/R) ratio going forward. Eugene also recalled that yesterday's bottom-fishing was a good "catching a falling knife" operation, but the final profit result could have been better.
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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