Recently, well-known crypto assets trader Eugene Ng Ah Sio shared his views on the current market on his personal social platform. He stated that he has reduced most of his long positions and maintains a cautious attitude. Eugene pointed out that historically, August tends to be a tricky month in the crypto market, and he believes this year is unlikely to be an exception.

Eugene specifically mentioned an interesting phenomenon: although the price of Ethereum has risen, the performance of the altcoin market has been relatively weak this time. This phenomenon seems to suggest that the main force driving the current market comes from institutional investors rather than retail investors. Institutional funds tend to flow into mainstream crypto assets like Ethereum rather than into smaller coins.

This observation also supports Eugene's previous strategy of primarily investing in Ethereum. He believes that, compared to other crypto assets, Ethereum may attract more stable institutional capital inflows, thereby demonstrating stronger resilience in market fluctuations.

However, Eugene's cautious attitude also reminds investors to be wary of potential market adjustments. Although Ethereum is performing strongly, the overall market environment remains full of uncertainty. Investors need to consider multiple factors comprehensively when making decisions, including the macroeconomic environment, regulatory trends, and technological developments.

Overall, Eugene's perspective provides us with a unique insight into the market. Although the current market shows some positive signals, investors still need to remain vigilant, especially with August approaching. Meanwhile, Ethereum's performance is also worth our continued attention, as it may become an important indicator of institutional investors' confidence.