Prominent pseudonymous crypto trader Eugene Ng Sio is eyeing a measured approach to the current market conditions following President Trump’s strategic cryptocurrency reserve announcement that sent Bitcoin (CRYPTO BTC) above $94,000 on Sunday.
What Happened: Major cryptocurrencies have slightly retraced following the Sunday rally, with all proposed ‘reserve cryptocurrencies’ trading above Friday’s highs.
| Cryptocurrency | Price | 24-Hour Performance |
| Bitcoin (CRYPTO: BTC) | $93,100 | +8.7% |
| Ethereum (CRYPTO: ETH) | $2,370 | +7.0% |
| XRP (CRYPTO: XRP) | $2.67 | +18.2% |
| Solana (CRYPTO: SOL) | $164.36 | +16.0% |
| Cardano (CRYPTO: ADA) | $0.9965 | +53.8% |
Eugene, who had been “previously very long” before Trump’s announcement, disclosed in a message on his Telegram channel that he has “closed majority of longs” as the risk-reward ratio has shifted.
“At $80,000 BTC / $130 …
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