Recently, due to concerns about a potential "black swan event" for Bitcoin, I converted most of my on-chain assets to USDT as a precautionary measure. This decision may lead to missing out on a bull market, but considering the uncertainty in the market, I believe it is a more prudent approach.
In addition, during my participation in the recent "2024 Binance Trading League," the continuous trading of BNB/BTC and UNI/BTC in pursuit of a better ranking resulted in the proportion of BTC in my portfolio dropping from 95% at the beginning of 2023 to the current 53%. Seeing this change is indeed heartbreaking, as I was originally optimistic about the long-term development of Bitcoin. However, I also achieved a decent result in this event—ranking 117th in the trading volume competition and hoping to receive a reward of about $1,000, though I am unsure when the reward will be distributed.
I entered the blockchain field as a novice in 2017, eager to find relatively stable arbitrage opportunities between centralized exchanges (CEX) and decentralized exchanges (DEX). I look forward to sharing and discussing opportunities and the latest trends and viewpoints in the crypto community with like-minded individuals. As a long-term investor, my current main positions (btc, bnb, uni, cake, wld are sorted by position size). If you are also passionate about cryptocurrencies, feel free to like, follow, and leave comments to share insights!