PANews February 7th news, according to on-chain analyst Ai Aye, trader Eugene Ng Ah Sio said that Garrett (the 1011 whale liquidated $230 million) started dumping, not wanting to be the one to take the position, so he chose to exit.
Trader Eugene Exits Market to Avoid Being a 'Bagholder' as Garrett Liquidates Positions
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Summary
Trader Eugene Ng Ah Sio has stepped out of the market, citing rising market volatility and a desire to avoid being a 'bagholder' as whale Garrett starts offloading assets. Garrett previously liquidated $230 million, signaling shifting market sentiment. The move comes amid heightened uncertainty, with traders closely watching for further price swings.
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