[Trader Eugene: Currently Not Participating in Market Trading, Bitcoin Breakout is a Necessary Condition for Altcoin Season] BlockBeats News, August 30, trader Eugene Ng Ah Sio posted on his personal channel stating that he is currently not participating in market trading. However, he clarified (for his followers) that if one hopes to see substantial volatility in altcoins, it must rely on Bitcoin's (upward breakout) to drive the market. At present, Bitcoin's performance has not met the expectations of the bulls. Previously, on August 14, Eugene mentioned that he had closed most of his ETH positions to significantly reduce risk exposure, as multiple warning signals were flashing before him. On August 24, he stated that he believed the bull market cycle was approaching its endgame, and his personal ETH trading had completely concluded.