Phyrex|11月 15, 2025 21:03
Many friends think I bought at a high price at this level. That’s okay. If you feel it’s high, there’s a good solution: hedging, which means going short while holding spot positions.
In the past few days, I’m not sure if you’ve noticed, but BTC’s funding rate has been mostly positive except for a few rare moments. This means that longs are paying fees, and shorts are earning fees.
So, if you’re worried that the price might keep dropping, you can open a 1x short position in the futures market. Especially now, since futures are trading at a premium (futures prices are higher than spot prices). Although the premium isn’t huge, the key is that you can earn some funding fees.
In this case, if BTC’s price goes up, your futures position will lose money, but the gains from your spot holdings will offset the losses from the short position. And if the trend becomes clearer, you can close the short position. The loss would just be a portion of the spot gains.
If the funding rate turns negative, it means there’s more demand for shorts, but it doesn’t necessarily mean the market will drop. At that point, you can decide whether to keep holding the short position based on the price structure.
Of course, hedging isn’t 100% risk-free, but for friends who want to hold BTC and are worried about buying at a high price, hedging can definitely provide some peace of mind. I think this approach works even for short-term trading.
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