On July 31st, top trader Eugene Ng Ah Sio posted on social media that he is not too concerned about short-term price fluctuations because he has completed building a position in his long-term holdings of altcoins. He will now take a wait-and-see approach, no longer engaging in frequent trading, but quietly observing market trends to see if the final result is profit or loss.

The structural supply of Mt. Gox is about to end, interest rates are about to be lowered, and FTX deposits will be repaid by the end of the year. The only unsettling thing is that due to recent non-forced errors by the Republican Party, Hamas' support in polls is closer to Trump's. But the situation in the short term is clear. Just hold on and that's it.