Top trader Eugene: TradFi funds flowed in but did not buy altcoins, excessive FOMO will lead to profit taking

Top trader Eugene wrote on the X platform: "Last month's price action really shows the extent of PvP in the current cryptocurrency environment. A poll was conducted before, and the results showed that the distribution of winners and losers in a month was almost exactly half and half, which shows that although funds from traditional finance are flowing into buying Bitcoin, no one is buying our altcoins yet. In this environment, the concept of unforced errors dominates performance. Yes, there are places where you can make money (such as GOAT and early AI Meme), but it is just as easy to give all profits back to the market because of panic chasing later. If you are reflecting on your performance this month, consider how many unforced errors you made. I suspect that those who made fewer mistakes performed well, but those who lacked discipline and did not stick to a good layout eventually gave all the profits back to the market."