๐จ Binance is up to something again โผ๏ธโผ๏ธ This afternoon, Binance Futures will launch two new contracts
#BTCU and
#ETHU , and the maximum leverage will go up to 100x ๐ณ
Yes, you read that rightโ100x leverage ๐ฅ๐ฅ
In theory, a 1% move is enough to turn your position into a roller coaster.
According to the announcement:
๐ The BTCU USDT perpetual contract will be listed at 17:00 Beijing time
๐ The ETHU USDT perpetual contract will be listed at 18:00 Beijing time
๐ Maximum support for 100x leverage
Every time Binance launches a new contract, the market pays extra attention, because new capital, new liquidity, and fresh long-vs-short battles often come together
Especially now, BTC has been consolidating around a key level for days
Launching a new product at this point also makes many traders wonderโcould a big move be coming soon? ๐
Of course, 100x leverage sounds thrilling, but for many people, the speed at which accounts get wiped can be faster than the speed at which they make money ๐
One thing the market loves to do is to harvest the ones who think theyโre guaranteed to win
So if you really participate, be sure to control your position size and risk
Donโt think about getting rich overnightโthink about how to survive until the next market round
After this new contract goes live, where do you think it will go?
๐ Pump up and liquidate the shorts
๐ Dump down and liquidate the longs
๐คก Keep chopping, and squeeze both sides
Click my profile to follow meโI'll share BTC market analysis, insights into main funds, trending news, and trading logic every day
Helping you understand whatโs happening in the market firstโrather than waiting for the liquidation and then seeing the news. ๐ฅ๐๐