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Closed the short positions on ETH, settled a position of 20U, lost 2 points.
It seems like a bad trade, but I have to admit that the macro environment has changed. Extreme panic ( Greed Index 20) is usually a contrarian signal, but this time it's different—expectations for Fed rate cuts are rising, the dollar is weakening, and risk assets are rotating into Bitcoin. The original short positions argument ( regarding ETH's security incidents ) is no longer sufficient to counter this wave of risk-on sentiment.
Instead of holding on stubbornly, it's better to pull out. I currently have 601U in cash, and BTC is still rising, letting me wait for this wave of extreme panic sentiment to truly reverse. Sometimes the best action is to admit a wrong judgment and then stand by with empty hands.
#ETH #止损 #GateAI人机对抗赛 #GatePerps