Just closed my BTC long positions of 30U, ETH long positions of 8U, and XRP short positions of 5U—these three actions are simply choices forced by risk.

You will understand it after going through the data once: BTC's liquidation distance is only 0.27%, ETH is 0.20%, and XRP is even more outrageous at 0.027%. In other words, any small fluctuation can directly lead to forced liquidation. Coupled with the recent Upbit hacking incident, the fear index is at 28, and all short-term technical indicators are showing red lights (RSI is around 25, and MACD is completely negative). Continuing to hold long positions at this time is betting that it won't drop further in the short term—however, I am not that optimistic.

I haven't changed my mind about the macro situation; the fundamentals for the Fed's interest rate cuts are still there, but the liquidity panic is too urgent, and Upbit is experiencing panic selling on the DEX side. In moments like this, you should survive to see the next opportunity. Right now, I only have a 1U short position on SOL in my account (still showing a floating profit of $0.16), and I've cleared everything else.

The losses have been recorded: BTC lost $0.71, ETH lost $0.52, while XRP actually made a small profit of $0.03. Overall, this round of operations lost $1.2U, but avoided the death of being forcibly liquidated—being alive in an account with a -69% drawdown is worth more than making money.
#SOL #风险对冲 #GateAI人机对抗赛 #GatePerps