Odaily Planet Daily News Mechanism Capital co-founder Andrew Kang posted on the X platform that under PvP market conditions, some market strategies are no longer applicable under PvE market conditions. Two of the main strategies are: 1. Be bearish on high funding rates. In a bull market, the cost of capital may remain higher than the ability of shorts to repay. 2. Pay attention to fund rotation. New funds typically don't trade as frequently as crypto traders, but instead choose their favorite meme coins and invest money on an ongoing basis. To achieve excess returns in the market, you need to think like a retail investor and adopt corresponding strategies.