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The famous trader Eugene Ng Ah Sio has closed his long position in SOL. The crypto market remains volatile. Eugene was betting on the rise, but changed his mind. The fluctuations caught him by surprise.
On September 3, he opened a small long position in SOL. He had a stop-loss if Bitcoin fell below $110,000. It seems the market made him doubt.
The crypto world is unpredictable. A roller coaster. Some traders hold on, others withdraw. Eugene chose the latter.
His decision has caused a stir. People are debating strategies. Many are looking to traders like him for clues. It's not entirely clear what the best course of action is.
It's an interesting time in the market. We might see more surprise movements soon. Or maybe not. With cryptos, you never know.