Express
0xSun: Consider Ending Long ETH Position and Shorting a Basket of Altcoins if Ethereum Cannot Sustain Market Leadership
Summary: In a recent social media post, Smart Money and crypto influencer 0xsun.sol (@0xSunNFT) summarized a strategy of ending long positions on ETH and shorting a basket of altcoins if Ethereum cannot sustain market leadership. The strategy has been successful overall, especially in the face of market volatility. However, recent strong performance of SOL at the ...
In a recent social media post, Smart Money and crypto influencer 0xsun.sol (@0xSunNFT) summarized a strategy of ending long positions on ETH and shorting a basket of altcoins if Ethereum cannot sustain market leadership. The strategy has been successful overall, especially in the face of market volatility. However, recent strong performance of SOL at the end of August led to a slight drawdown in strategy profits due to the altcoin rally. 0xSun will continue to monitor the situation, and if ETH is unable to lead the market for an extended period, it may be time to take profits. Additionally, regarding on-chain operations, 0xSun mentioned that due to issues with the channel opening, there is a limited ceiling for small funds, making it a good choice, but the cost-effectiveness for large funds is too low. Liquidity injection or significant events are needed to open up the ceiling and improve the situation.
Tags:
Link: 0xSun: Consider Ending Long ETH Position and Shorting a Basket of Altcoins if Ethereum Cannot Sustain Market Leadership [Copy]
