Trader Eugene Ng Ah Sio Increases Long Position on Ethereum Amid Bitcoin Surge

According to BlockBeats, top trader Eugene Ng Ah Sio has announced an increase in his long position on Ethereum. He expressed confidence that if Bitcoin successfully surpasses the $86,000 mark without a false breakout, it could compel many default short sellers to close their positions. Ng Ah Sio believes that such a scenario might lead to market sentiment being dominated by 'animal spirits.'