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SpringX Announces 10 Selected Projects for SpringX Move Accelerator
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Top trader Eugene: I have closed all positions, uncertain whether $60,000 can be held. Top trader Eugene Ng Ah Sio posted on the X platform, "To provide some updates on how to deal with losses in real-time for some people, I have recently experienced two drawdowns in trading perpetual contracts, and due to the recent price trend, I have also experienced a significant drawdown in spot trading. The first trading error was due to a lack of discipline in executing my ETHBTC trade, as I closed the BTC short position too early. Ultimately, I closed the ETH long position, resulting in a net loss of $1.1 million on the two trading pairs. Although I avoided some pain, I decided to go long yesterday after the market plummeted on Friday. However, the market clearly did not reward this decision, and the spot price continued to fall to $60k. The entire account lost about 3-4%, totaling $750,000, and I have closed all positions. After this, I clearly realize that the unknown unknowns have increased. Although the risk-reward ratio of buying at support levels is usually better than chasing momentum, I am not sure if $60k will hold. Additionally, I have experienced emotional imbalance for the first time in a while, so I have decided to stay away from trading for the next few days to adjust my mindset. This is not always easy, but we will regroup and move forward." $BTC $ETH $BNB
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Top trader Eugene: I have closed all positions, uncertain whether $60,000 can be held. On August 4th, top trader Eugene Ng Ah Sio posted on social media that "to provide some updates on how to respond to losses in real-time, I have recently experienced two drawdowns in trading perpetual contracts, and due to the recent price trend, I have also experienced significant drawdowns in spot trading. The first trading error was due to a lack of discipline in executing my ETHBTC trade, as I closed the BTC short position too early. Ultimately, I closed the ETH long position, resulting in a net loss of $1.1 million across the two trading pairs. Although I avoided some pain, I decided to go long yesterday after the market plummeted on Friday. However, the market clearly did not reward this decision, and the spot price continued to decline to $60k. The entire account lost approximately 3-4%, totaling $750,000, and I have now closed all positions. After this, I clearly realize that the unknown unknowns have increased. Although the risk-reward ratio of buying at support levels is usually better than chasing momentum, I am not sure if $60k will hold. Additionally, I have experienced emotional imbalance for the first time in a while, and therefore have decided to stay away from trading for the next few days to adjust my mindset. This is not always easy, but we will regroup and move forward." $BTC $ETH $BNB
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Circle issued 50 million USDC. On August 4, according to on-chain data, Circle (USDC Treasury) minted 50 million USDC through the Ethereum network at 19:10 Beijing time today. $BTC $ETH $BNB
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A certain Smart Money deposited 2500 ETH into Binance 30 minutes ago. On August 4th, according to Lookonchain's monitoring, 30 minutes ago, a certain Smart Money deposited 2,500 ETH (approximately $7.27 million) into Binance. Lookonchain stated that this Smart Money is very skilled at buying ETH at low prices and selling at high prices. Currently, this Smart Money still holds 543.5 ETH (approximately $1.58 million), with a total profit of $7.8 million on ETH. $BTC $ETH $BNB
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The SOL-based meme coin NEIRO has broken through 0.04 USDT. According to Mars Finance news, DEXscreener data shows that the SOL chain meme coin NEIRO has surpassed 0.04 USDT, currently trading at 0.04457 USDT, with a 24-hour increase of 107%. The current market capitalization of this meme coin is $44.3 million. $BTC $ETH $BNB
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