Trader Eugene Ng Ah Sio recently shared his pessimistic outlook on the current market through a personal channel. According to Odaily, he indicated that he has little interest in the crypto environment at the moment, describing the overall scenario as unpromising and challenging.

In Sio's assessment, the next price target is significantly below current levels. While acknowledging a decline in optimism, the trader notes that the market trajectory is still aligned with his previous expectations. Given this scenario, the chosen strategy is to stay in cash and wait for a more opportune moment to re-enter, thus avoiding impulsive entries in an environment that remains volatile and uncertain.