On April 20th, trader Eugene stated that he has reestablished a short position in BTC near $85,400, with a target of breaking below $80,000. He had previously exited at breakeven point, but noted that the market continues to show strong momentum, gradually recovering the old range. Eugene admitted that despite logically judging the lack of further upward momentum in the market, price action continues to deviate from expectations, forcing him to confront his own negative biases. He also mentioned that various altcoins may have already bottomed out in the tariff panic.