Trader Eugene Exits Most Crypto Positions, Shifts Focus to U.S. Equities

Famous trader Eugene has said he has largely exited the crypto market and is now focusing more on U.S. equities, citing a lack of attractive risk-reward opportunities in current crypto conditions.

Extending his shift in outlook, he also adopted a cautious stance on Strategy and its Bitcoin-linked approach, while expressing a bearish view on Michael Saylor. He further suggested that the firm’s underlying model may be showing signs of weakening.

Given these concerns and Strategy’s strong correlation with Bitcoin, Eugene added that he is not considering long positions in BTC and currently has no plans to buy the dip.

Source: Eugene (Telegram)