Traders reduce positions in altcoins, continue to be bullish on Bitcoin—The logic behind this correction

2026-01-17 11:00:11

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【Crypto World】Senior trader Eugene recently shared his position updates in the community. He stated that he has basically cleared his altcoin long positions, and the reason is straightforward—these assets’ actual performance did not meet expectations, so he chose to take profits. However, it is worth noting that he did not bearish on Bitcoin longs; this portion of his holdings remains stable. More interestingly, he significantly increased his cash position. The intention behind this move is also easy to understand—since short-term altcoin performance is poor, it’s better to safeguard cash first and make decisive moves when the next opportunity arises. This strategy of reducing pressure first and then accumulating strength is quite common in the current market environment.

BTC2,35%

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FudVaccinator

· 01-20 10:49

Selling shanzhai coins, I think, is still quite rational. But Eugene hoarding cash and waiting for opportunities feels a bit like betting on when the next wave will come... As long as Bitcoin stays stable, everything else is just floating clouds.

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GasFeeCrier

· 01-20 09:43

Eugene, to be honest, this approach is a bit conservative. I can understand clearing out the counterfeit projects, but such a high cash ratio... while waiting for opportunities, you're also wasting time.

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RooftopReserver

· 01-19 22:19

All the scam coins that were cleared out are still alive, the greedy ones are crying, cash is king is not just a saying.

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OnChainSleuth

· 01-19 15:42

Altcoins have scammed me so many times, I've seen through it long ago. Now I'm just like Eugene, lying on cash and sleeping peacefully, because Bitcoin is the true king.

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BlockImposter

· 01-17 11:29

Altcoins are really a trap. I think Eugene's move this time is quite clever. Liquidate to cash, wait for opportunities, and come back later—much better than blindly holding a position.

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ser_we_are_early

· 01-17 11:11

Altcoins are indeed disappointing; I've been tired of them for a long time. Bitcoin still smells better.

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AirdropSkeptic

· 01-17 11:06

Altcoins can't beat BTC, that's common sense. Eugene's move this time is spot on. But to be fair, with such a high cash position, is it really that there's no opportunity to see, or do you just want to play it safe?

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mev_me_maybe

· 01-17 11:02

Alright, Eugene, I understand this move. Altcoins have indeed been underperforming lately. It's better to hold some cash and wait for the next opportunity.

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SellTheBounce

· 01-17 11:00

Clearing out altcoins at this stage is still too early; buying the dip is the real strategy. Cash holdings will also depreciate over time, there’s always a lower point, so why rush to get in? Sell on rebound—that’s trading philosophy, Eugene understands. I agree with holding onto BTC; everything else is just a game of catching the falling knife. Wait, why insist on holding cash? Short positions are more attractive. Altcoins won’t die; they just haven’t bottomed out yet. Be patient. Historical experience tells me that those who are now clearing their positions will regret it. This move is a bit conservative, but it’s better than blindly going all-in.

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