Yesterday, crypto trader Eugene issued a controversial signal on platform X:
> He established a long position in ETH near the BTC low on October 11 and stated, "Now is the last defense for bulls; the more panic, the more we should look for a rebound."
Once this was said, the comment section instantly exploded:
Half the people called him crazy, while the other half began to quietly follow his trades.
But if we look at it the other way, it increasingly aligns with the logic of a bull market bottom:
✅ Sentiment is extremely bearish
✅ The market is overly fearful
✅ The bearish sentiment is overwhelmingly dominant
→ Usually indicates that **the trend is about to reverse**
If this wave experiences a '**Short Squeeze**', not only will ETH bounce back, **Polygon is the one most likely to take off!**
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## 🎯 Why say this wave, if successful, will bring the biggest dividends for Polygon?
Because when the market reverses, the flow of funds is never random; it follows the **leverage effect + Beta amplification principle:**
BTC stabilizes → ETH rebounds → L2 sector explodes → Polygon opens and soars
The reason is simple:
| Sector | Rebound order | Increase characteristics |
| ------- | -------------- | ------------- |
| BTC | Stops falling and stabilizes first | The most stable, no explosive rise |
| ETH | Capital flow returns preferentially | Medium to high-speed rebound |
| L2 | Funds "look for leveraged" sectors | Leading increase, capturing multiple markets |
| Polygon | The strongest fundamentals in L2 + the most complete narrative | Easily "a big bullish candle changes beliefs" |
In other words—
If Eugene's bet is successful, **Polygon's flexibility will be at least 2-3 times stronger than ETH.**
And this wave **is not about speculating on themes; it is a structural capital rotation with certainty.**
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## 📉 Why is the market so panicked? Instead, is it an opportunity?
The current market sentiment can be summarized in one sentence:
"No one dares to go long; everyone is just thinking about escaping."
At this time, two situations often occur:
1️⃣ True signs of a sharp drop
2️⃣ Reverse pull-up, short squeeze
Eugene is betting on the second type—short squeeze market.
And we observe on-chain data and community atmosphere:
* Bearish sentiment accounts for > 70%
* Platform sentiment indicator Fear & Greed is in the panic zone
* ETH long leverage position significantly decreases → upward pressure releases
* Capital flow gradually returns to mainstream assets
This indicates that **bearish sentiment is overly concentrated**, making it susceptible to a rebound.
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## 🚀 If a Short Squeeze occurs, how will Polygon respond?
A classic three-stage market may occur:
### ✅ First section: rebound testing
ETH leads the rebound 3-8%
→ MATIC's increase rate 1.5x
### 🔥 Second section: funds switch to L2
After ETH stabilizes, funds start looking for "better elastic targets"
→ Polygon's increase will be significantly larger than ETH
### 🪜 Third section: ecological activation
Polygon's ecological hotspots rebounding simultaneously, such as:
* $POL narrative upgrade
* AggLayer topic restarts
* ZK performance and chain linkage
* Web2 cooperation agreements are being speculated again
Such a market is most likely to drive **a continuous main surge for 3-7 days**.
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## 🧠 Conclusion: The market lacks good news, what it lacks are people brave enough to get in at the lows
The current market is like an old saying:
> "Opportunities never appear when everyone is bullish; they appear when the whole network tells you not to bottom out."
Eugene dares to go long when "the entire network is bearish", betting that the market's extreme reaction will definitely bring a counter wave.
If this reversal is established:
🔮 Polygon will not just rebound; it will start to rise.
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