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0xSun: Half-Month "Long ETH, Short Altcoin" Hedging Strategy Profits Approximately 3 Million USD
Odaily News Trader 0 xSun reviewed the "long ETH, short altcoins" hedging strategy he shared a month and a half ago, with an overall profit of about 3 million USD. He stated that during execution, he closed some long orders due to subjective judgment and then re-entered at a higher level, resulting in some profit loss; the allocation ratio of long and short targets is the core of the strategy. The closing position approach includes synchronously closing positions when ETH peaks and pulls back, or gradually taking profit as ETH rises and leaning towards shorting. He observed that the strategy's most profitable phases often occur during ETH's volatile declines and widespread altcoin falls, while profit retracement is more pronounced during the slight rebound phase after ETH's decline.
ETH-4.06%