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Summarize recent opportunities
1. New coin Caldera(ERA) is a typical one-click issuance chain pseudo-demand protocol, heavily controlled by VC with an excessively high FDV, creating a large bubble. However, the recent overall bull market has led to a small decline, continue to maintain short positions, and see $0.3 in the long term.
2. YALA opened last night at $0.3, it was simply a delicious opportunity for shorting, but unfortunately neither MEXC nor Gate have contracts available. Today I checked and only Ourbit has it, but the price has also dropped to around $0.234, reducing its cost-effectiveness.
3. TrustAI(TA) was originally intended to short, went through six rounds of trial and error, and eventually came out with the capital preserved, missing out on a smooth decline.
4. The previously mentioned hedging arbitrage of going long on W and shorting HYPER has successfully taken profits.
5. CROSS has seriously deviated from the fundamentals. The market capitalization of CROSS's parent company NEXUS is only $137 million, while the MCAP of the CROSS token has reached $111 million, and the FDV is even $315 million. The chips are highly controlled, making it very difficult to short, so let's test the ant warehouse.
Recently, shorting needs to be done with caution, unless it is a new coin with high selling pressure. Established coins are experiencing strong upward momentum, so blind shorting is not advisable.