Encrypted KOL and former FTX community partner Benson Sun updated his strategic views:
His quantitative long positions had paused after a stop loss at $90,000 but have now restarted.
He stated that multiple bottoming signals have recently appeared:
• The market is forming a wide-ranging supply and demand equilibrium area
• For quantitative strategies, this elastic space is very suitable for swing trading
• The current sharp decline trend "lacks logic" and is consistent with the expectation of MSTR being removed from the index
In other words— the market has already digested the bad news about MSTR in advance, and the subsequent selling pressure is limited.
His personal positions:
• Average cost of long positions $81,500
• Continue to hold
• Plans to "exit when overall liquidity exhaustion occurs"
During times of negative sentiment, understanding the structure is more important than understanding the news.
