On April 4th, top trader Eugene Ng Ah Sio posted his market perspective on his personal channel, stating that current global macro predictions have lost all certainty. Market expectations are nearly zero-valued, with current pricing implying a non-zero probability that Trump might revoke tariffs, but the specific likelihood and timeline remain undeterminable - although the outcome is binary, the process is full of variables.
In the crypto market, Bitcoin continues to demonstrate remarkable resilience, suggesting that some market participants still view it as a gold alternative (merely a speculation). Other asset classes are in complete disarray. Small and medium-cap tokens (Total3 index) remain in a deserted abyss, with performance that is utterly dismal. Caution is advised regarding institutional crowded trades - it is expected that this year will see a wave of LP redemptions, which will trigger passive selling of popular targets.
