Flash
Trader Eugene: Leaving the crypto market for a while and turning to bearish stock investment MSTR and Bitcoin linkage
Trader Eugene posted on his personal channel that he has recently withdrawn from cryptocurrency trading and turned his main focus to the stock market. He believes that the stock market has more intellectual challenges and potential in terms of trading and investment opportunities, and expects that he will continue to remain on the sidelines of the crypto market for the foreseeable future, and will only return when significant risk/reward opportunities arise. Eugene is also cautious about Strategy(MSTR) and Michael Saylor. He believes that the recent sale of Bitcoin may be just the beginning of the entire problem. Selling Bitcoin only delays the outbreak of the problem. Bitcoin's long-term rise opportunities are still affected by MSTR, making it difficult to intervene before the two are decoupled. Eugene said that he does not intend to try to "bargain hunting" at present and maintains a wait-and-see attitude towards the short-term market bottom.