Hedging strategies in crypto markets can be a double-edged sword. While investors leverage various financial instruments—futures, options, and derivatives—to shield themselves from volatility, these tools introduce their own complexities. On ecosystems like Cosmos, where multiple tokens and liquidity pools create layered risks, proper risk management becomes crucial. But here's the thing: aggressive hedging can sometimes lock you into unfavorable positions or drain capital through fees. The real skill isn't just knowing which instruments to use—it's understanding when NOT to use them.