👀 server gossip: the SEC approved 3X leveraged ETFS for and
yes, you read that right: THIRTEEN. On October 2, the SEC gave the green light to a Bitcoin ETF with 3x daily exposure and another for Ether, in the Cboe exchange. in other words, institutional leverage at wholesale levels. meanwhile, the US government shutdown has frozen more than 90 pending ETF filings—so, the altcoins are still waiting their turn in line
my quick take (not a report, relax): more 3x instruments for the average person = more volatility and more cascading liquidations when the market turns. for those of us who trade perps, that’s extra fuel for the sweeps. for portfolios in hopium mode with no stop... GG 😭
Is 3x a sign the market has matured, or is it the official liquidation factory? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading
yes, you read that right: THIRTEEN. On October 2, the SEC gave the green light to a Bitcoin ETF with 3x daily exposure and another for Ether, in the Cboe exchange. in other words, institutional leverage at wholesale levels. meanwhile, the US government shutdown has frozen more than 90 pending ETF filings—so, the altcoins are still waiting their turn in line
my quick take (not a report, relax): more 3x instruments for the average person = more volatility and more cascading liquidations when the market turns. for those of us who trade perps, that’s extra fuel for the sweeps. for portfolios in hopium mode with no stop... GG 😭
Is 3x a sign the market has matured, or is it the official liquidation factory? 👇
#EDEN #CryptoTrading #BinanceSquare #Altcoins #Trading