Odaily Planet Daily reports that trader Eugene Ng Ah Sio posted on his personal channel stating that he still lacks interest in the market, and the overall environment appears to be quite poor. His target price for the next phase, based on his analysis, is significantly lower than the current price range.
Eugene mentioned that, despite feeling regretful about the market trend, the market is evolving in the direction he anticipated, so he has once again fully allocated cash to wait and see, awaiting a more suitable entry point.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC drops 0.68% in 15 minutes: whale selling pressure combined with macro risk aversion sentiment triggers short-term pullback
From 09:15 to 09:30 (UTC) on March 3, 2026, BTC recorded a -0.68% return within 15 minutes, with a price range of 66,595.0 to 67,141.1 USDT and an amplitude of 0.81%. Market attention increased during this period, short-term volatility intensified, and investors became highly sensitive to capital flows and risk asset sentiment.
The main driver of this anomaly was a large whale short-term concentration of BTC inflows and sales on a major mainstream exchange. On-chain data shows that since early 2026, the inflow ratio of large whales (addresses holding ≥1,000 BTC) reached a recent high,
GateNews6m ago
Switching from crypto to stocks? Cryptocurrency liquidity shifts to the US stock market, with AI becoming the best cross-market aid
According to Wintermute's research, retail investor funds are flowing heavily into the US stock market, gradually decoupling from the crypto market. The crypto market has entered a mature phase, with retail investors seeking higher capital efficiency shifting towards more volatile stock markets. Generative AI has boosted retail investors' confidence, making it easier for funds to move between the US stock market and the crypto market, leading to a transformation of cryptocurrencies into a component of investment portfolios.
ChainNewsAbmedia31m ago
Lantern Festival coincides with a Blood Moon "once every 46 years"! Both the Taiwan stock market and the US stock market happen to be on the edge of a cliff—coincidence or fate?
Tonight's Lantern Festival, Taiwan is also witnessing a once-in-46-years "Total Lunar Eclipse Blood Moon" phenomenon, contrasting with the turbulence in the financial markets. Due to the "Iran Shock," the US stock market was affected, with the S&P 500 reaching 6,775 points and the VIX soaring. The Taiwan stock market also faced foreign selling pressure. Studies show that lunar phases influence market sentiment, with stock returns slightly lower during the full moon.
動區BlockTempo33m ago
BlackRock Loads Up $767M in Bitcoin — Institutions Step In Big
BlackRock's significant Bitcoin ETF inflows show growing institutional confidence, indicating a shift in market behavior amid geopolitical tensions. While retail investors panic, institutions accumulate BTC for long-term gains, potentially setting the stage for future market trends.
Coinfomania45m ago
ETH drops 1.12% in 15 minutes: On-chain whale rebalancing and liquidity contraction drive short-term pressure
On March 3, 2026, from 08:30 to 08:45 (UTC), ETH experienced significant fluctuations, with the 15-minute return rate dropping to -1.12%. The price range fluctuated between 1958.47 and 1984.61 USDT, with an amplitude of 1.32%. Market attention increased during this period, short-term volatility intensified, investor sentiment was clearly cautious, and trading volume contracted accordingly.
The main drivers of this fluctuation were large on-chain fund rebalancing and major holder stop-loss actions. Combining historical on-chain data, whale accounts frequently conducted large transfers and buy-sell activities, which have repeatedly triggered short-term sharp market volatility in the past. The current window
GateNews51m ago
JPMorgan: Crypto Market Legislation Expected to Pass by Mid-Year! 8 Major Bullish Factors to Ignite the Second Half of the Year
JPMorgan predicts that the CLARITY Act will be passed by mid-year, establishing a clear regulatory framework for the U.S. cryptocurrency market and triggering a rally in the second half of the year. If the bill is approved, it could bring multiple positive impacts, with long-term Bitcoin prices potentially reaching $266,000, sparking institutional investment interest.
CryptoCity53m ago
