🍎 Weekly Report (15W'24):

COPY TRADING:

• Binance: MCD Fidelity -8.92%

• Bybit: MCD Dioxys -11.44%

• Bybit: MCD Bombus -4.19%

The average portfolio growth amounted to -8.18%.

The week concluded with negative performance. Here are our brief insights on the current situation:

🔘 This was the most significant altcoin downturn since November 2022.

🔘 Many top traders with millions of dollars under management (AUM), whom we were monitoring, liquidated their positions.

🔘 Dioxys, Bombus, and Fidelity demonstrated resilience before the liquidation.

🔘 Despite altcoins dropping on average by 50%, our maximum loss was only -12% on Dioxys.

🔘 The partner portfolio Wolf, managed by another team of traders, couldn't withstand such a decline. We deeply regret this.

🔘 We are currently in the process of implementing hedging strategies to mitigate losses in case of significant market downturns, but this will take time.

🔘 Now is an opportune time for entry and investment in altcoins.

We managed to protect our Dioxys, Bombus, and Fidelity portfolios from liquidation, considering that altcoin prices dropped on average by 50%. The last time such a downturn occurred was in November 2022. We are actively working on implementing hedging methods to reduce risks during future major altcoin declines.

Let's keep pushing forward!

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