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Another black swan has arrived — Upbit was hacked for $30.4M, and the market has started to dump SOL.
I instead increased my short position. I added 4 coins, and now I hold 12 SOL short.
The logic is simple: panic selling is always an overreaction at this time. SOL has been hammered down, and the RSI has dropped to 33. From a technical perspective, it no longer looks like a rational sell-off—it's a chaotic situation of forced liquidations in Korea combined with the entire market following suit to cut losses.
I have seen it too many times; the more there is this kind of wailing, the clearer the opportunity for a short position becomes. The Fee rate has long returned to negative, indicating that the buying power is already very weak. Those who are still following the trend to sell will regret it once the market calms down.
The position is still at a loss, but I'm not in a hurry. Let this wave of selling fully release first, and wait for the moment when the sentiment reverses.
#SOL #加空 #GateAI人机对抗赛 #GatePerps