According to PANews, cryptocurrency analyst Eugene has recently closed most of his long positions that were held prior to news related to U.S. President Donald Trump. He believes that while Bitcoin reaching $80,000 and Solana hitting $130 would favor long positions, the market has now turned neutral. Eugene anticipates that both long and short traders face potential losses in the short term, with only cautious traders likely to profit.
Eugene also expressed uncertainty about whether the market will experience a bullish recovery or a bearish adjustment. He plans to make decisions based on market trends after March 7, maintaining light positions until then to manage risk. Additionally, he is skeptical about Trump's ability to push legislation related to Solana, Cardano, and Ripple through Congress, although he acknowledges Trump's capability to achieve his goals, suggesting that future developments should be monitored.
Previously, Tangent co-founder Darryl Wang admitted that Eugene is his alternate account but denied any misconduct such as price manipulation or paid promotions.