[Renowned Trader Killa: Crypto Market May Experience De-Risking After Midterm Elections, Consider Hedging Shorts Then] BlockBeats News, October 4 — Renowned trader Killa posted that he does not believe Bitcoin will hit new lows again and is currently maintaining a long position. However, after the U.S. midterm elections, the market may still experience some de-risking behavior, making it not the right time to establish hedged short positions in advance. Historically, Bitcoin's performance after every U.S. midterm election cycle has been relatively weak. But if Bitcoin continues to rise before the election, traders can wait until the midterm elections approach and then decide whether to act based on the price trends at that time. He believes the more reasonable strategy for now is to continue holding long positions and observe the market reaction around the midterm elections before considering whether to establish hedged shorts, rather than shorting prematurely based solely on historical cycles. [Original Link]