On April 20, trader Eugene said that he had re-established a short BTC position around US$85,400, with the goal of falling below US$80,000. He had previously left the market at the break-even point, but pointed out that the market continued to show strong trends and was gradually regaining its old range. Eugene admitted that although it was logically judged that the market lacked further upward momentum, price performance continued to deviate from expectations, forcing it to face up to its own negative bias. He also mentioned that a variety of altcoins may have been built in the tariff scare.