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A active trader recently announced that he has closed most of his altcoin long positions. Although the gains from this wave of market movement did not meet his initial expectations, he believes that making money is a victory. Notably, he has maintained a core long position in Bitcoin and has now accumulated a significant cash reserve, waiting for the next market opportunity.
According to public records, this trader previously had some good trades on SOL. Calculating from the entry price of $134 to later $144.32, the single trade yielded approximately 7.7%. Looking at the continuous operations from Bitcoin to Solana, his recent trading pace has indeed been quite tight.
His approach actually reflects the current mindset of many market participants: in uncertain environments, taking moderate profits through partial closures, holding core assets, and accumulating ammunition for better entry points. This dynamic rebalancing strategy is relatively robust in volatile markets.