I've been doing quant in crypto for nine years: of ten teams, eight lose money, and the real opportunities are hidden in the long-tail market. Nine years is enough time to completely transform a quant team beyond recognition. Bitcoin Hong Kong Public Chain Stablecoin · 2026-10-03 10:05

🦊 Nova's Take A nine-year crypto quant veteran's admission that 8 of 10 teams lose money confirms that edge decays fast and most "alpha" is just crowded beta. The real point: profits now hide in long-tail markets where big funds can't scale in. 📊 Market Impact This isn't a price catalyst, but it reinforces a structural shift — majors like BTC and ETH are increasingly efficient, so short-term volatility edge migrates to low-cap and long-tail pairs. Expect continued competition for liquidity and faster strategy decay in mainstream books. 💡 Trading Advice If you're running quant, stop chasing BTC/ETH scalping edges that thousands of bots already arbitrage; test capacity-constrained long-tail pairs with strict position limits. Size small, watch slippage and funding, and remember 80% of teams lose — risk control beats signal hunting. *(Note: no specific tradable coins with price levels were cited in this news, so no price analysis applies.)*