Eugene: This position was "harvested," and has been withdrawn from trading.

On February 1st, trader Eugene Ng Ah Sio posted on his personal channel stating, “It seems that this time we were actually ‘harvested,’ so I’m pulling out first.” BlockBeats previously reported that on January 30th, trader Eugene Ng Ah Sio posted on his personal channel saying, “This morning, I redeployed a relatively reasonable size position. The recent continuous attacks in the market seem to have wiped out even the most steadfast bulls, with a clear display of frustration and capitulation in the sentiment (and quite a few people calling for even lower prices). In my opinion, the risk-reward ratio for going long here is quite good, with a clear stop-loss set below $80,000. I don’t believe cryptocurrencies will underperform all risk assets in the long run; we are probably at the tail end of this relatively weak phase. It’s time to fire again.”