Top Trader Signals Market Stagnation, Calls for Intervention

Eugene Ng Ah Sio, prominent trader, has expressed caution regarding the current cryptocurrency market trends. On his personal channel, he initiated short positions on Ethereum (ETH), Solana (SOL), and XRP as Bitcoin reached $83,500 last night. He believes sustained growth hinges upon either direct action from the Federal Reserve or a substantial reduction in U.S.-China trade tensions. These factors are seen as crucial for driving significant market shifts.