Trader Eugene: Macro forecasting has lost all certainty, a potential LP redemption wave may trigger token sell-off

BlockBeats News, April 4th - Top trader Eugene Ng Ah Sio shared his market views on the impact of tariffs in a personal channel, stating that there is currently no certainty in the global macro outlook. Market expectations are almost nearing zero value, with the current pricing implying a non-zero probability of Trump revoking the tariffs. However, the specific likelihood and timing are both uncertain — although the outcome is not binary, the process is full of variables.

On the crypto market front, Bitcoin continues to show remarkable resilience, indicating that some market participants still consider it a gold substitute (pure speculation). Other asset classes are in disarray. Mid and small-cap tokens (Total3 Index) are still languishing in obscurity, with abysmal performance. Caution is needed with institutional "herd" targets — this year is expected to see an LP redemption wave, leading to passive selling of popular assets.