ChainCatcher message, trader Eugene Ng Ah Sio posted on social media, "Four Meme coins: MOODENG, CHILLGUY, PNUT, and GOAT, are experiencing panic selling candlesticks one after another, and Meme coins have basically retraced most of their gains during the altcoin season. Here, I tend to accumulate for a long-term layout."

ChainCatcher message, trader Eugene Ng Ah Sio shared his views on the altcoin market, "Altcoins (Alts) quickly fell back to these wick lows within 48 hours after forming the lower wicks, and investors are extremely anxious about holding spot assets, eager to sell and exit. The market may enter a prolonged decline or consolidation phase, or experience a sharp sell-off and bottom out in a short period."

ChainCatcher message, trader Eugene Ng Ah Sio posted an explanation of why SOL is currently the most关注ed mainstream coin:In all charts (SOLBTC, SOLETH, and SOLUSD trading pairs), we are at or near the "value" level of the high time frame (HTF);The undervaluation below $200 provides a good entry point for today's bulls;The funding rate has been declining and has now entered negative territory, indicating that some form of perpetual contract hedging is taking place, as the open interest (OI) has remained almost unchanged. This is further explained as multiple market participants using SOL as the short part of their hedging portfolio, due to its weakening momentum since $260.As @docXBT mentioned, these are important levels that need to be respected to some extent, especially on the high time frame (HTF). As a bull, I am willing to try to enter at these levels. However, if these levels are lost, we will soon enter a dangerous zone.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "Rebalanced the portfolio, now fully bullish on SOL. Have lost about 1 million dollars on Meme coins and am looking for a rebound opportunity."

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "Rebalancing, now fully bullish on SOL. Have already lost about 1 million dollars on meme coins and am looking for a rebound opportunity."

ChainCatcher message, trader Eugene posted on social media, "Making money in the crypto market is one thing, but holding onto profits is another. When planning your exit strategy for this cycle, you should focus on minimizing the drawdown from historical highs after the market turns. For those who say they can consistently profit in both bull and bear markets, I can only wish you good luck ------ because that means you have to become one of the top 0.01% of traders in the world. Here are the indicators I use to measure investment performance ------ the percentage drawdown from the new net worth high:0-20%: Your defense is perfectly in place, but you may have overdone it at the cost of sacrificing too much upside potential;20-30%: You performed well. You were able to see the signals of market turn and exit in time, with minimal losses;30-50%: The performance is okay. While not the best, ideally you should have already made a decent profit;50-75%: You stayed too long and failed to identify the key turning point at the end of the cycle;75%: There is a serious problem at some point, and you need to comprehensively assess whether you are fit to continue trading.Interestingly, you will never know the true extent of the drawdown before the next cycle begins. But in any case, it's worth planning ahead."

ChainCatcher message, top trader Eugene Ng Ah Sio posted on platform X showcasing his contract positions, involving cryptocurrencies SOL, WIF, and BONK. According to the image, Eugene Ng Ah Sio is long on the related tokens, with a perpetual contract leverage of two times.

ChainCatcher message, trader Eugene shared the recently popular DEX project Hyperliquid on his social platform. Eugene stated, "HL (Hyperliquid) is the best Deriv DEX on the market, far ahead, deserving of the market share and fan base it has accumulated; everything that founder Jeff and his team have done so far has been right, even paving the way for other founders to establish the 'correct' strategy for issuing tokens.However, since the TGE, the token price has actually been parabolic, and I believe the current price has reached a very attractive level for early airdrop participants. In my view, the amount of promotional hype is equivalent to the peak market share of the entire CT. The speed of accumulation also reflects the enthusiasm of many marginal buyers, especially above $10.I have no opinion on the hype (long-term or short-term), but I admire their achievements in such a short time. Given that I am bombarded with questions about this topic every day, these are just my thoughts."

ChainCatcher message, top trader Eugene Ng Ah Sio posted on X, "Bitcoin at $94,000, Ethereum at $3,500, SOL at $200. I believe the market has established these levels as key support. If these support levels are broken, it seems that holding altcoin positions in your portfolio is no longer a good idea.""If these support levels hold, the game continues."

ChainCatcher message, top trader Eugene stated that after this morning's market crash, trading ETH, ENA, and PEPE should be approached with caution.

ChainCatcher message, trader Eugene updated his ENA outlook on his social platform: "Two months ago I published this article, full of hope and dreams for a bull market.Now, ENA has reached 1 dollar, and I realize my dreams were too small. All the fundamental developments have exceeded my expectations, and USDe has now surpassed the 5 billion dollar mark, becoming the largest decentralized stablecoin today.It's time to look up to the sky."Previously, Eugene published a long article bullish on ENA on October 11, when the ENA price was at the bottom range of 0.27 dollars.

ChainCatcher message, top trader Eugene Ng Ah Sio posted on social media, "PEPE------the neglected Ethereum Beta, but how long can this situation last? Since Pepe was launched on Robinhood and Upbit last month, it has been steadily consolidating in the range of 1.75 to 2.3, while funds flow out chasing other altcoins. Now, with ETH showing tremendous extraordinary strength, I bet our beloved frog will迎来它应得的下一轮重估上涨."

ChainCatcher news, trader Eugene Ng Ah Sio shared a screenshot of his nearly 3.3 million dollar loss on a DOGE long position on social media and stated, "No one is absolutely right."

ChainCatcher message, top trader Eugene posted on social media: "After a tough November, I plan to take a break in December. While there may still be market opportunities, after several weeks of full commitment, I feel my mental resilience is gradually wearing down. Now I feel relaxed and focused on my own pace, and if particularly enticing opportunities arise in the market, I will come back."

ChainCatcher news, top trader Eugene posted on platform X reviewing his trading experience in November. Eugene stated that he executed a total of 70 trades in November, with a win rate of 75%. The number of trades, win rate, and profits were all personal bests. However, even so, he almost completely missed the market movements of BTC, DOGE, XRP, and ADA.Regarding future market trends, Eugene expects that the market will remain in PvP mode until Bitcoin breaks through $100,000. He anticipates that ETH and SOL will have outstanding moments, and higher-risk tokens will follow suit.Ideally, Bitcoin should not drop below $85,000, as that would be catastrophic for the overall risk situation of the market.

ChainCatcher message, top trader Eugene Ng Ah Sio posted, "I bought some ETH during this dip. Although the market signals are still unclear, the compression of BTC and MSTR's movements indicates that the Bitcoin train has clearly stopped."According to the most basic "10 IQ capital flow logic," it should be ETH's turn to rise, and the current price around $3000 looks like a bargain.

ChainCatcher message, top trader Eugene stated on his social platform, "I think this is the most challenging altcoin season I've ever experienced. The capital flow makes no sense to me, and the level of volatility is hard to predict.At this time, I would usually ask for a proper altcoin rotation on most of the popular tokens in the community, but now I'm not so sure. Currently observing and waiting while preserving capital." Yesterday, he stated, "I have taken profits on long positions. I advise to remain cautious."

ChainCatcher message, trader Eugene stated on platform X that after an increase of 1.2 billion in circulation over the past 6 weeks, the current circulation of USDe is 3.7 billion. Over the past 6 weeks, the yield of sUSDe has ranged from 10% to 25%, and Deribit has accepted USDe as collateral for stablecoins. Ethena's fee conversion proposal has also been approved, ensuring that sENA holders are the primary beneficiaries of the protocol's success. These developments have exceeded expectations for ENA from 2 months ago, leading to a higher target price adjustment for ENA.

ChainCatcher message, trader Eugene posted on social media: "Let the alt season BEGIN," indicating optimism for the start of alt season.

ChainCatcher message, trader Eugene Ng Ah Sio posted on X: "There is no reason to say that SOL should not take similar actions to DOGE, XRP, and ADA when the trend arrives. The distribution network is as good as, or even better than, all networks, and it has allowed many people to profit. When breaking new highs, all you need is patience and diamond hands."