Just now, 0xsun shared his "hedging operation" strategy regarding the current market situation. I summarize the content as follows:
1. Overview of the hedging trading strategy:
Core strategy: Long ETH, hedge short a basket of altcoins
Position allocation: 1:1
Utilize ETH's upside potential to hedge against the possible weak performance of altcoins
2. Main logic and judgment basis:
(1) ETH is the core driving force of the current upward trend
· Institutional buying drive: Imitate the MicroStrategy model by buying ETH with “coin-stock financing”
· Stablecoin narrative support: ETH is the core settlement and foundational layer of the stablecoin ecosystem
(2) Altcoins exhibit obvious weak performance
· In the past 30 days, only about 20 tokens in the Top 200 have outperformed ETH
· Most gains are driven by “specific positive news” (such as Bonk, Zora, CFX, ENA)
· Market funds have not significantly overflowed to altcoins
3. Logic for choosing altcoins to short:
· High market capitalization but not leading
· Technical trends are weak, lacking topics
· Diversified distribution + set stop-loss to prevent risks from individual altcoins surging
4. Basic judgment of the hedging trade:
(1) Continue to rise — ETH leads the rally, altcoins underperform, strategy profits
(2) Enter bear market — ETH has institutional support, relatively resistant to decline, altcoins generally down, strategy remains effective
(3) Invalid condition — Altcoin season arrives, broad rise outperforms ETH; or ETH fluctuates/leads down but altcoins are relatively resistant to decline (considered low probability)
5. Summary
This is a market-neutral hedging strategy based on the structure of capital flows and historical experience, optimistic about ETH's mid-term strength while avoiding the systemic correction risk of altcoins. The thought process is clear, with risk control at the core of execution, suitable for the current market environment with significant divergences.
Finally, based on 0xsun's strategy, I have distilled several candidates that meet the criteria for shorting:
#八月暴富
