Eugene Ng Ah Sio adjusts his strategy after institutional buying shifts market dynamics from under-positioned to over-positioned.
Trader Eugene Ng Ah Sio has exited most of his long positions following Ethereum's rise from $2,500 to $3,800 in two weeks. He observes that the market has transitioned from being under-positioned to over-positioned due to increased institutional buying. Ng aims to lock in profits while preparing for future trading opportunities, indicating that his trading strategy has been executed nearly perfectly.