Thanks for sharing! I’ve been doing something similar for a couple of years. Btc is 50% of my portfolio, I bought It cheap but letting it sit isn’t the best strategy. 50% upside coverage may be fine now, but I would increase it at some point. My coverage is around 100%, and I started selling at 80k, so when the 126k ATH I had already sold a substantial portion (partially recovered through grid). Luckily, btc came down and I was able to make a good chunk. The deal took over 6 months to close though, so it’s a long term passive strategy.
I’ve set orders fixed in btc, which means it makes a lot more profit at the top of the grid.
This is passive income is what I mentioned in my strategy a while back I've switched my spot hedge strategy to shorts-only, here is why. Still running it.