Garrett Jin, a prominent cryptocurrency trader known for his precise market predictions, has emphasized the importance of short-selling as a hedging strategy in the current volatile market. In a recent post on the X platform, Jin highlighted that while his clients hold significant spot cryptocurrency positions, short positions serve as a partial hedge against market downturns. He noted that despite being bullish in the long term, short-term hedging is necessary to mitigate potential losses.
Jin also commented on the current state of the crypto market, pointing out its high correlation with the US stock market. He warned that without staying informed, traders risk falling behind. Jin criticized the recent market rebound, attributing it to overly leveraged funds and suggesting that a sustainable rally is unlikely without stabilization measures from exchanges. He dismissed conspiracy theories, urging traders to focus on market structure and liquidity rather than speculative indicators.
Garrett Jin Advocates Short-Selling for Hedging Amid Market Volatility
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