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What's meant to come back has returned ~ MS's trading volume has once again stood above 10M as of yesterday!
The strategy mentioned earlier of hedging ETH spot by shorting BMNR indeed seems to be an effective one. Currently, the market value premium of BMNR relative to ETH holdings has dropped to 36%. Compared to the premium rates on certain trading platforms, this is actually considered low...
So if you want to go long on ETH next, can you try going long on BMNR?
After all, I feel that ETH's recent pullback is about done #ETH CRYPTOKNOWLEDGE