When I think back to the initial asset allocation, the logic was to hedge a portion of the cryptocurrency or US dollar asset volatility positions with gold. This is the logic behind the surge in gold as a safe haven in January. The same applies to the configuration of Big A. I recently discovered that there are no hedging assets that are basically synchronized. Financial markets are pricing instability everywhere, it's just a matter of different varieties. If A-shares do not study sectors, pure broad-based ETFs, such as buying the CSI 500 ETF, are basically a continuation of the battle. The kind of reaction that's even delayed by a day, where is there any hedge Only cash is used to hedge your position.