Post

The last delivery week of September saw significant market volatility. Originally, it was expected that 88K would be reached in October, but it was already close by early this morning. To some extent, the gains were drawn forward prematurely. The Clarity Act not passing actually led to a rise; in hindsight, this was because of SEC intervention, which indirectly provided a policy boost. President Xi's upcoming visit to the US also added fuel to the shared sentiment between stocks and crypto. This sudden surge in September is actually not very good news for the fourth quarter. The market surged and positive news was realized. Therefore, the plan is to first take phased profits on most altcoins, while buying some put options to protect $BTC and $ETH. Shifting from seeking Alpha to a more defensive stance.