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0xSun: If Ethereum cannot sustain its lead in the market, we may consider ending the "long ETH, short various altcoins" strategy
BlockBeats News, September 1st, Smart Money, crypto KOL 0xsun.sol (@0xSunNFT) summarized the "Long ETH, Short Shitcoins" strategy on social media. They stated, "Overall, this strategy has been very successful, especially in the face of market volatility. In the last few days of August, due to SOL's sudden strength, which led the altcoins, the strategy's profits experienced some drawdown. We will continue to observe, and if this situation persists for a while and ETH cannot lead the market, we can consider taking profits."
Furthermore, regarding on-chain operations, 0xSun mentioned, "Currently, due to the inability to open the listing channel, there is a limited ceiling, which is still a good choice for small funds, but the cost-effectiveness for large funds is too low. Liquidity injection is needed, or some iconic events to open up the ceiling to improve this situation."
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