Trader Eugene: If Bitcoin Can Stay Above $80,000, Speculators Will Return to the Crypto Market

On May 5th, trader Eugene Ng Ah Sio shared his latest market take on his personal channel: He noted he hasn’t spoken up about crypto in a while—mainly because he lacked a clear view of the market. Trading crypto lately has felt like torture, he said, while the stock market offered far better opportunities (opportunity cost is real). Still, he finally spotted an opportunity he’s willing to bet on. His bullish call since his last post proved correct, he added—even though he got liquidated just before BTC’s final surge. For him, BTC’s $80k level is critical: it’s the first sign of reclaiming its range since the downtrend kicked off in September 2025. While a crypto-specific narrative is still missing, he believes price almost always leads fundamentals in this space. His take: if BTC can hold above $80k long enough, speculators will come back.