Ng cautions traders to scale back large positions as ongoing volatility causes losses for whales and seasoned investors alike.
Trader Eugene Ng Ah Sio warned that the cryptocurrency market’s 'hell mode' persists, with more large holders seeing losses over the past week. He recommended avoiding substantial long or short trades due to high volatility and disclosed that even his smaller trades incurred losses. The challenging conditions have affected experienced traders, underscoring the risks in current market activity.