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Trader Eugene: Has Exited the Crypto Market for Stocks, Will Not Try to "Buy the Dip" in Bitcoin Anymore

2026.06.07 22:40:00

On June 7th, trader Eugene Ng Ah Sio announced on his personal channel that he has mostly exited the cryptocurrency market since May 13 this year, shifting his focus to stock market research. He noted the stock market is more attractive than the current crypto space, offering deeper research opportunities, greater cognitive challenges, and more robust trading and investment potential. Based on his latest assessment of the industry landscape, he plans to stick to this strategy for the foreseeable future—only keeping an eye on crypto industry trends instead of actively participating in trading. Eugene further stated he has no plans to re-enter the crypto market unless an extremely compelling risk-reward opportunity emerges, which he has not identified yet. He added that the crypto market’s development trajectory is weakening its appeal as a trading and investment field, so he will prioritize the traditional stock market in the short term. Regarding his approach, Eugene pointed out that related risks are just starting to surface. He mentioned that Grayscale’s recent Bitcoin sales merely delay—rather than solve—the underlying issues. He expressed no optimism for Bitcoin’s long-term prospects until the strong correlation between Grayscale and Bitcoin is broken. When it comes to market bottoms, he admitted he cannot determine their exact location, so he is no longer attempting to "catch falling knives" through bottom-fishing trades.
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