0xSun: Half-Month "Long ETH, Short Altcoin" Hedging Strategy Profits Approximately 3 Million USD

Odaily News Trader 0 xSun published a review of the "long ETH, short alts" 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 part of the long orders due to subjective judgment and then re-entered at a high position, resulting in some profit loss; the allocation of long and short assets 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 while leaning towards shorting. His observation indicates that the fastest profit stage of this strategy often occurs during periods of ETH's oscillating decline and widespread falls in altcoins, while profit retracement is more apparent during the small rebound phase after ETH's decline.