Trader Eugene: I have taken a small short position on ETH, SOL, and XRP, anticipating that the market will struggle to sustain a rebound rally.

BlockBeats News, April 12th: Top trader Eugene Ng Ah Sio posted on his personal channel, stating that when Bitcoin touched $83,500 last night, he had taken a small short position on ETH, SOL, and XRP. Unless the Federal Reserve intervenes directly or there is a substantial easing of tensions between China and the US on tariffs, the market is not expected to see a sustained rally.