Trader Eugene Ng Ah Sio Repositions Amid Market Volatility

On January 30, trader Eugene Ng Ah Sio shared insights on his personal channel regarding recent market movements. According to BlockBeats, Ng Ah Sio has redeployed a reasonably sized position following a series of market setbacks that have seemingly ousted even the most steadfast bulls. The prevailing sentiment is marked by widespread frustration and capitulation, with many predicting further price declines. Ng Ah Sio believes the current risk-reward ratio for going long is favorable, with a clear stop-loss set below $80,000. He expressed confidence that crypto assets will not underperform all risk assets in the long term and suggested that the market is likely nearing the end of its current weak phase. He concluded that it is time to take action again.