Ansem: HYPE/BTC Long-Short Pair Strategy Outperforms Single Long HYPE Position This Year

Odaily news, analyst Ansem posted on platform X, stating that a "quite astonishing data point" shows that compared to a single long HYPE position against the US dollar, a paired trading strategy of going long Hyperliquid (HYPE) while shorting Bitcoin (BTC) has actually performed better in terms of returns since the beginning of this year. This result implies that in the current market structure, relative strength trading may offer higher returns than directional bets on a single asset. It also reflects the intensifying rotation and beta dispersion within crypto assets, with a clear divergence emerging in the return structure between BTC and high-volatility altcoins.