BlockBeats News, April 12th: Top trader Eugene Ng Ah Sio posted on his personal channel today, stating that he had closed his earlier short position at a stop-loss — although only risking a 2% position, the market showed significant strength, and SOL is now threatening to reclaim a key price level ($125), so he is now opting to temporarily observe.
BlockBeats previously reported that trader Eugene mentioned that when Bitcoin touched $83,500 last night, he took a small short position on ETH, SOL, and XRP. Unless the Federal Reserve intervenes directly or there is a substantial easing of US-China tariffs, he expects the market to have difficulty sustaining a trend.
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