Prominent crypto trader known as 'Pigeon' has announced his return to the market, stating on Telegram that he has redeployed his positions. Despite recent market turmoil that has left many traders in panic, Pigeon believes it is a good time to go long, setting a stop-loss below $80,000. He expressed confidence that the current market weakness is nearing its end. Since Pigeon's public exit from the market on January 23, Bitcoin has dropped by $7,200 and Ethereum by $200, highlighting his successful timing in avoiding the recent downturn. His reentry comes as many in the market continue to predict further declines.