Well-known trader Killa: After the midterm elections, the crypto market may see de-risking, and hedging short positions can be considered at that time.

BlockBeats news, October 4th, renowned trader Killa posted that he does not believe Bitcoin will hit a new low again and is currently maintaining a long position. However, after the U.S. midterm elections conclude, the market may still see some de-risking behavior, so now is not the appropriate time to preemptively establish hedge short positions.

Historically, in every U.S. midterm election cycle, Bitcoin's performance after the elections has been relatively weak. But if Bitcoin continues to rise before the elections, traders can wait until the midterm elections approach and then decide whether to take action based on the price trend at that time.

He believes that the currently reasonable strategy is to continue holding long positions and observe the market reaction around the midterm elections, and only then consider whether to establish hedge short positions, rather than shorting in advance based solely on historical cycles.