Crypto Hedge Funds Post Worst Performance Since 2022 Amid 2024 Market Shifts

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Crypto market update: 2024 has delivered the worst returns for crypto hedge funds since 2022, with directional funds down 2.5% year-to-date and altcoin strategies falling 23%. The October 10th selloff exposed structural weaknesses, while institutional activity and shifting trends added pressure. Market-neutral strategies gained 14.4%, showing stronger demand for diversified approaches. Funds are cutting altcoin exposure, shifting to DeFi yields, and tightening risk controls. The crypto market shows signs of evolving toward more mature investment models.
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