According to BlockBeats, on July 10, top trader Eugene Ng Ah Sio wrote, “Boldly predict that most altcoins have bottomed out. The level of open interest has completely collapsed, many tokens are in complete apathy, and my shopping list has extended to my toes. I will be busy looking for the bottom and be the first one to see the bottom.”

Eugene Ng Ah Sio is the top trader on Binance Futures, with cumulative contract earnings exceeding $28.65 million.