Crypto bulls are navigating high macro risk, but disciplined hedging keeps portfolios resilient. Even if individual traders bet on near-term upside, the market struggles with compounded policy, monetary, and geopolitical uncertainties, while Bitcoin’s overall performance relies on three critical pillars aligning. “BTC being a high-risk asset, it will be following global macro events... don't just buy naked calls, buy protection, make sure that your portfolio can handle significant downside” - Luuk Strijers, Senior Director, Head of International Derivatives at Coinbase. In case you missed it, listen to the original space here: https://x.com/i/spaces/1kJzDDeerDWKv?s=20(Deribit)