牛市刚开始他就结束了，果然踏空狗一步踏空就再也没有勇气上车了

BlockBeats news, on August 24, trader Eugene Ng Ah Sio posted on his personal channel that it seems we are at the end of the bull market cycle that began in January 2023—I expect this phase will not last more than a few months, and every marginal buyer globally has, to some extent, turned towards and purchased cryptocurrencies, with Bitcoin and Ethereum now reaching historic highs. The target Ethereum/Bitcoin exchange rate of 0.04 that I set for myself has also been achieved, which means to me that ETH trading has effectively ended.

No longer adopting aggressive strategies—no longer engaging in large Martingale momentum trading, the focus of the strategy shifts from capital accumulation to capital preservation. I may miss out on any subsequent crazy market trends, but that's okay because these fluctuations no longer align with my trading system. This does not mean I have closed all positions and flipped to short (on the contrary, I still hold long positions), but the net position size has been significantly reduced. I will use the mNAV indicator of the crypto treasury reserve company as a signal for when to strongly re-enter the market, expecting that when this cycle is completely over, most DAT trading prices will be below 1 times mNAV.