My target for the hedge 11900 was a bit off... 1.6%... I'll endeavor to do better next time :D
I liked the play out of "reducing volatility" with a hedge. (See last Idea) A 20% hedge saved a drop of -8% by reducing it to -6% off the high's gains.
I think that big drop killed a lot of the late-day FOMO buyers... their spirits crushed... may be hesitant to go all in again. If BTC continues up it will be a slower, longer term and we won't see another moonshot parabolic this run.