$SOXL drops -11.54%. Even so, on Binance’s side, the perpetual trading volume can still push up to #2—this kind of contrast makes me look twice.
I saw this on the subway just now. My first reaction wasn’t to buy the dip; it was to see whether this sell-off has actually broken through the mood.
During the day it moved from $125.23 down to $107.53, and the current price is still $107.73—the amplitude is really big.
But there’s something interesting: the funding rate is still +0.0000%.
This suggests the momentum for chasing longs hasn’t blown up—at least it’s not the kind of situation where a bunch of people are rushing in with red eyes and squeezing the contracts until they feel hot.
Now look at open positions: 796,784 contracts are still sitting there.
With price jumping like this, the positions haven’t collapsed. That means many people are still staying in this area to bet on a rebound in the semiconductor direction—not everyone just runs for the exit after a drop.
I’m biased bullish on $SOXL , not because I think it’s steady right now—quite the opposite: because it’s aggressive.
It’s exactly the kind of instrument used to amplify the volatility of the semiconductor sector.
If you think the chip theme hasn’t finished moving, and you also feel that just buying the single “leading stock” isn’t fast enough, the market will naturally focus on products like this.
In the past couple of years, the most story-filled sectors in US stocks are the ones that never run out—one is AI, and the other is semiconductors that sell shovels to AI.
From what I understand, products like $SOXL feed on sector sentiment and expectations as they swing back.
Once the chip chain starts to warm up again, it often rebounds more directly than many traditional shares.
I’m bullish myself, and there’s another reason: when this kind of stock crashes hard, it’s actually easier to wash out short-term floating supply.
With $699.21M USDT in 24-hour trading volume, it shows attention has already picked up.
When there’s volume, there’s room for back-and-forth trading.
But having said that, $SOXL isn’t made for value investing.
It’s a 3x instrument. If you’re right on direction, it feels great. If you’re wrong, it hurts.
If the semiconductor sector keeps weakening, or the broader US market takes another hit, a pullback in a stock like this will happen faster than you might expect.
My stance is very clear: in a big drop like this, I don’t want to short. Instead, I’m willing to wait until the sentiment stabilizes a bit, and use it as a high-volatility observation position for a semiconductor rebound.
If you lose money, don’t cue me. If you make money, treat me to a coffee.
$SOXL #USstocks
I saw this on the subway just now. My first reaction wasn’t to buy the dip; it was to see whether this sell-off has actually broken through the mood.
During the day it moved from $125.23 down to $107.53, and the current price is still $107.73—the amplitude is really big.
But there’s something interesting: the funding rate is still +0.0000%.
This suggests the momentum for chasing longs hasn’t blown up—at least it’s not the kind of situation where a bunch of people are rushing in with red eyes and squeezing the contracts until they feel hot.
Now look at open positions: 796,784 contracts are still sitting there.
With price jumping like this, the positions haven’t collapsed. That means many people are still staying in this area to bet on a rebound in the semiconductor direction—not everyone just runs for the exit after a drop.
I’m biased bullish on $SOXL , not because I think it’s steady right now—quite the opposite: because it’s aggressive.
It’s exactly the kind of instrument used to amplify the volatility of the semiconductor sector.
If you think the chip theme hasn’t finished moving, and you also feel that just buying the single “leading stock” isn’t fast enough, the market will naturally focus on products like this.
In the past couple of years, the most story-filled sectors in US stocks are the ones that never run out—one is AI, and the other is semiconductors that sell shovels to AI.
From what I understand, products like $SOXL feed on sector sentiment and expectations as they swing back.
Once the chip chain starts to warm up again, it often rebounds more directly than many traditional shares.
I’m bullish myself, and there’s another reason: when this kind of stock crashes hard, it’s actually easier to wash out short-term floating supply.
With $699.21M USDT in 24-hour trading volume, it shows attention has already picked up.
When there’s volume, there’s room for back-and-forth trading.
But having said that, $SOXL isn’t made for value investing.
It’s a 3x instrument. If you’re right on direction, it feels great. If you’re wrong, it hurts.
If the semiconductor sector keeps weakening, or the broader US market takes another hit, a pullback in a stock like this will happen faster than you might expect.
My stance is very clear: in a big drop like this, I don’t want to short. Instead, I’m willing to wait until the sentiment stabilizes a bit, and use it as a high-volatility observation position for a semiconductor rebound.
If you lose money, don’t cue me. If you make money, treat me to a coffee.
$SOXL #USstocks