0xSun: News-driven trading still has advantages; currently leaning towards going long on BTC and hedging by shorting altcoins

robot
Abstract generation in progress

ME News Report, April 19 (UTC+8), trader 0xSun posted that news-driven trading remains one of the most cost-effective strategies in the current cryptocurrency market, with its core being the directionality and volatility brought by events. They reviewed recent incidents, including abnormal ETH trading, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and KelpDAO security incidents, all of which triggered significant price fluctuations in a short period. They believe that participating in such opportunities depends on the speed of information acquisition or the ability to judge the impact of events. Additionally, they stated that as the altcoin market cools down recently, they have resumed a strategy of going long on BTC and hedging some altcoins by shorting, believing that under conditions of weak liquidity and the fading of certain narratives, altcoins as a whole may face relatively more pressure. (Source: ODaily)

BTC-1.37%
ETH-2.89%
TAO-1.06%
RAVE-44.42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin