0xSun:已做多ETH并做空一揽子山寨币进行对冲,认为机构买入ETH的资金不会溢出到其他山寨

BlockBeats 消息,8 月 1 日,Smart Money、加密 KOL 0xsun.sol(@0xSunNFT)在社交媒体上发文表示,目前市场多空分歧严重,个人目前已开设一笔对冲交易(做多 ETH&做空一揽子山寨),仓位大概为 1:1。
做多 ETH 的逻辑是,ETH 是六月末这轮上涨的主要推动力,机构效仿微策略,通过币股融资购买 ETH。而在稳定币叙事中,ETH 也是相关的核心基建与结算层。参考此前微策略购买 BTC,推动价格一路上涨的过程,最终大部分山寨涨幅远不及比特币。币股和机构用于买入 ETH 的这部分资金,也不太会外溢到其他山寨上。
另据 CMC 数据显示,过去 30 天 Top200 的代币里涨幅大于 ETH 的只有 20 个,包括 BONK、ZORA、CFX、ENA 这些明显受利好事件驱动的。
山寨币遵循此前做空的逻辑,优先选择市值偏高、非龙头、走法不强势、存在感低的,并且分散做空,设好止损,防止单个标的爆拉。
0xsun 补充表示,若下半年后市继续走牛,相信很大概率依然是会由 ETH 推动。若行情进入熊市,也不觉得山寨可以独善其身,而 ETH 至少有机构的购买力托底。会导致这个对冲思路失效的情况,要么是山寨季真的来了,大部分山寨都持续跑赢 ETH,要么是 ETH 震荡或者领跌,而其他山寨反而跌的不多,按照这几个月的经验,个人觉得可能性较小。
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