BlockBeats News, June 7th - Trader Eugene Ng Ah Sio announced on his personal channel that he has largely exited the cryptocurrency market since May 13th this year and has shifted his focus to stock market research. He believes that compared to the current crypto market, the stock market offers more attractiveness in terms of research depth, cognitive challenges, and trading and investment opportunities. Based on his assessment of the industry's current situation, he expects to maintain this strategy for the foreseeable future, only continuing to monitor the crypto industry dynamics without actively participating in trading.

Eugene further stated that unless the market presents a highly attractive risk-reward ratio opportunity, he has no plans to return to the crypto market for now, as such conditions have not yet materialized. He believes that the development trajectory of the crypto market is weakening its attractiveness in the trading and investment space, so he will focus on the traditional stock market in the short term.

Regarding his strategy, Eugene believes that relevant risks are just beginning to manifest. He mentioned that even though Strategy has recently sold more Bitcoin, it only postpones the issue rather than truly resolves it. Until the strong correlation between Strategy and Bitcoin is broken, he does not see a favorable long position opportunity for Bitcoin. As for identifying the market bottom, he admitted his inability to do so and stated that he no longer attempts to "catch a falling knife" with bottom-fishing trades.