Eugene takes action! Increases holdings in ETH and SOL, BTC's failure to break 86,000 may trigger short covering

According to Odaily Planet Daily, the latest actions of well-known cryptocurrency trader Eugene have attracted attention. Eugene publicly stated that he has increased his position in ETH and included SOL in his portfolio. He emphasized the importance of Bitcoin's price movements, believing that if BTC fails to break the $86,000 level, many traders shorting Bitcoin will have to cover their short positions due to changes in market conditions. As short covering occurs, market sentiment is expected to gradually reverse, and the overall market is likely to welcome a new round of bullish trends, providing investors with a new perspective on market analysis.