Recently, going long on Bitcoin and shorting altcoins has yielded good returns.
However, choosing altcoins can be a bit difficult due to their high volatility.
I do have an advanced method that you can refer to.
Go long on Bitcoin, short a basket of altcoins, while also conducting manual selection of altcoins.
Refer to the method of index compilation, using the performance over the past three months for a comprehensive evaluation.
Select those that have reached new highs and maintained high positions, and exclude those that have reached new highs but then declined. Maintain a dynamic balance of the altcoin portfolio.
This way, you can create a hedged portfolio of around 10 coins.
In the long run, the returns are quite good.
Considerable hedging options include coins like SOL, SUI, ENS, APT, STX, ORDI, DOGE, and so on.
This combination is convenient for holding positions in a unified account, and in addition to hedging, it can also be used as margin to open options, allowing for the pursuit of long-term strategies without missing out on significant directional trends.