0xSun: If Ethereum cannot continue to lead the market, consider ending the strategy of "long ETH and shorting a package of copycats"

According to BlockBeats, on September 1, Smart Money and Encryption KOL 0xsun.sol (@0xSunNFT) posted a message on social media to summarize the strategy of "going long ETH, shorting a package of copycats". "Overall, this idea is very successful, especially in the face of market fluctuations. In the last few days of the end of August, SOL suddenly became strong, which led to some retracement of strategic returns. We will continue to observe later. If this situation remains for a period of time and ETH cannot lead the market, we can consider closing the position by profit." In addition, for on-chain operations, 0xSun said, "At present, because the upper channel cannot be opened, the ceiling is limited, which is still a good choice for small funds, but the cost-effectiveness of large funds is too low. Liquidity injection or some iconic events are needed to open the ceiling to improve this situation."