Odaily Planet Daily News: Trader Eugene wrote in an article that the past two months have been "one of the most difficult trading stages" he and many top traders have experienced. The macro fundamentals are bearish, coupled with severe market volatility, resulting in most traders being cut out or choosing to wait and see during the upward trend.
The main risk factors he mentioned include:
1: The issue of trade tariffs continues to suppress global growth, and Trump's policy direction is still unclear;
2: The yield of 10-year US treasury bond bonds remains high, which is not conducive to the performance of risk assets;
3: The recent rise of Bitcoin may be due to non natural buying by traditional financial retail investors, coupled with an increase in imitators, or implying the risk of strategy failure.
Eugene admitted that he failed to turn bullish in a timely manner after BTC broke through $90000, reflecting his defensive trading mentality over the past year and his efforts to adjust.
He believes that most native cryptocurrency traders in the current market still lean towards short-term strategies, and this defensive mode may soon be surpassed by those who are willing to take risks. He stated that the key still lies in whether BTC can truly break through its previous highs or whether it will constitute the 'biggest bull market trap in history'.
