Odaily News Trader Eugene said he had re-established a short position in BTC around $85,400, with the goal of falling below $80,000. He had previously exited the market at the breakeven point, but pointed out that the market continued to show strong momentum and was gradually recovering the old range. Eugene admitted that although it was logical that the market lacked further upward momentum, the price performance continued to deviate from expectations, forcing him to start facing his own negative bias. He also mentioned that a variety of altcoins may have completed bottoming out amid the tariff panic.