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<aside> 🔴 Disclaimer: Blave.org is data aggregation platform designed to assist you in making your own decisions. It is not intended to be investment or trading advice. Always do your own careful due diligence using multiple sources before trading or investing.
</aside>
The Blave team uses the Holder Concentration (HC) data for backtesting trading strategies: go long when the token HC reaches 1.5 (indicating perps open interest are highly held among a few traders) and exit the position when it reaches 0.
The performance from January 2022 to April 2024 is as follows:
| Total Profit & Loss (PnL, %) | +85.7% |
|---|---|
| Maximum Drawdown (MDD, %) | -30% |
| Sharpe Ratio (SR, %) | 1.95 |
The backtesting performance result is an valid evidence for using HC as a part of trading reference, when a small number of traders are longing while the majority are shorting, it will be a good opportunity for long.
As a good user, you must know that no indicator or data is perfect. The historical data does not represent the future. Cryptocurrency market is changing rapidly, you must acknowledge the risks of crypto investment, do your research beforehand, and be responsible for your own decisions!
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