BlackRock’s $IBIT just flashed a golden cross and right as the SEC gave the green light to triple-leveraged $BTC and $ETH products. Just a coincidence? Doesn’t really feel like it. Here’s the rundown: The 50-day SMA edged just above the 200-day on $IBIT (41.97 vs 41.92). On October 1, spot BTC ETFs saw $102.67 million flow in, with $IBIT alone snagging $195.57 million. Plus, the SEC just approved six new 3x leveraged funds from VS Trust. But, let’s not kid ourselves: that golden cross is barely there, these 3x funds bleed value over time, and there’s still no official launch date. Meanwhile, $BTC hangs out close to $84.8K and retail traders are starting to feel bearish. Thing is, while retail is getting cold feet, bigger players are quietly loading up. So, who’s making the right call here? Are you diving in with the golden cross crew or sitting this one out?
🔥 Are you buying this golden cross or fading it? Drop BULL or BEAR below! 👇
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