According to Odaily Planet Daily, trader 0xSun published a review of the "long ETH, short altcoin" hedging strategy he shared two weeks ago, which yielded an overall profit of approximately $3 million. He stated that during execution, he subjectively closed some long positions and then closed them back at higher levels, resulting in a partial loss of profit. The key to this strategy is the balance of long and short positions. Liquidation strategies include closing positions simultaneously with ETH's peak and pullback, or gradually taking profits and shifting to short positions as ETH rises. He observed that the strategy's most profitable phases occurred during ETH's volatile decline and altcoin declines, while profit drawdowns were more pronounced during ETH's small rebounds after declines.