This round of CLO’s price movement basically aligns with previous expectations, and the target around 0.47 has been successfully achieved. This is the first position this month to reach a tenfold return. If there is further upside potential, I will continue to monitor it.

The strategy mainly involved participating via contracts, combined with early allocation to alpha-concept sector targets. It’s worth noting that the entire CLO rally saw almost no deep pullbacks, a trend that has been quite common among recent alpha-related projects. I haven’t configured any spot positions for now, mainly considering volatility and position management needs.

From a market perspective, the alpha sector has shown continued signs of capital inflow recently. I will maintain my focus on this track and share the next opportunity with you as soon as it arises. In the crypto market, capturing the right narrative direction is often more important than simply chasing the pumps.