Trader Eugene: If Bitcoin Can Stay Above $80,000, Speculators Will Return to the Crypto Market

BlockBeats News, May 5th, Trader Eugene Ng Ah Sio posted on his personal channel:

I haven't expressed my views for a long time, mainly because I don't have a particularly clear view of the crypto market. Trying to trade cryptocurrencies during this period has been torture; the stock market offers much better opportunities. The opportunity cost is real, but I have finally seen an opportunity I am willing to bet on.

Since my last post, the bullish view has been correct (although it liquidated me before the final surge). The $80,000 position of BTC is crucial to me because it shows the first signs of reclaiming the range since the downtrend started in September 2025. What is lacking now is a narrative specific to cryptocurrency, but I still believe that in the crypto market, price almost always leads fundamentals. So I believe that as long as we can hold above $80,000 for long enough, speculators will return.