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

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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. It reviewed recent incidents, including abnormal ETH trading, Arc fee adjustments, TAO ecosystem changes, RAVE-related investigations, and the KelpDAO security incident, all of which triggered significant price fluctuations in a short period. It believes that participating in such opportunities depends on the speed of information acquisition or the ability to judge the impact of events. Additionally, it stated that as the altcoin market cools down gradually, it has resumed a strategy of going long on BTC and hedging short positions in some altcoins, believing that under conditions of weak liquidity and the retreat of certain narratives, altcoins as a whole may face relatively more pressure. (Source: ODAILY)

BTC-0,8%
ETH-2,11%
TAO-1,41%
RAVE-72,72%
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