0xSun: If Ethereum cannot continue to lead the market, consider ending the "go long ETH, shorting a basket of altcoins" strategy.

BlockBeats news, on September 1, Smart Money and crypto KOL 0xsun.sol (@0xSunNFT) posted on social media summarizing the “go long ETH, shorting a basket of altcoins” strategy. They stated, “Overall, this approach has been very successful, especially in terms of robustness against market fluctuations. In the last few days of August, due to SOL’s sudden strength, it drove the altcoins and led to some drawdowns in the strategy’s returns. We will continue to observe; if this situation persists for some time and ETH cannot lead the market, we can consider taking profits and closing positions.” In addition, regarding on-chain operations, 0xSun stated, “Currently, due to the opening of the exchange channel being blocked, the ceiling is limited, which remains a good choice for small funds; however, the cost-effectiveness for large funds is too low. An injection of liquidity or certain landmark events are needed to break the ceiling to improve this situation.”