A week ago, those who shorted have already reaped the rewards.

In fact, the big logic is very simple, and it becomes clear upon reflection.

The project teams come to the crypto space to make money. In the past bull markets, the market would rally. Now, the project teams probably don't have such expectations anymore. Therefore, selling off is the inevitable choice.

The targets are those that have been listed on Binance Alpha and contracts; generally, projects at this stage are basically at their peak. On one hand, you can short, and on the other hand, you don't have to worry about sudden positive news causing the price to skyrocket.

Then comes the timing for shorting. A week is a good timeframe because BTC is struggling to reach new highs and is very hesitant.

At this point, even if BTC doesn't drop, the project teams will be eager to sell off first. With this level of liquidity, if retail investors run first, they won't be able to sell off either.

Moreover, with high market capitalization, it's very secure.

The highest returns were from LA, which dropped 40%. However, the most frustrating was Siren; the short position was closed just before it plummeted. By the way, Siren was mentioned first by our @Hiki17Zz teacher in the small group; he found out that the project team was selling off, and he made a good profit.

Overall, I just bought a small position to earn some money for my son's summer class. My main focus is still on the blockchain.

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