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Brandon Beylo highlights a recent trend in cryptocurrency markets, noting that shorting crypto assets has proven to be an effective hedge.
According to Beylo, crypto prices have been declining regardless of whether the broader market goes up or down, making short positions particularly advantageous during this period.
Beylo has recently addressed volatility in other asset classes as well. He suggested that gold could drop to $3,800 per ounce before recovering. In a separate update, Beylo observed strength in biotech stocks amid FOMC meeting volatility.