Famous trader: After the midterm elections, the cryptocurrency market may experience de-risking, and at that time, consider hedging short positions

Famous trader Killa stated 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, so it is not the right time to establish hedge short positions in advance.

Historically, Bitcoin's performance has been weak after every U.S. midterm election cycle. However, if Bitcoin continues to rise before the elections, traders can wait until the midterm elections are closer to decide whether to take action based on the price trends at that time.

He believes that a more reasonable strategy right now is to continue holding long positions and observe market reactions before and after the midterm elections, and then consider whether to establish hedge short positions, rather than shorting in advance solely based on historical cycles.