SEC approves 3x leveraged crypto ETFs; Big Pizza surges and then pulls back to 85.7k
🔻 The toughest one this morning
The SEC approved the listing of 3x Bitcoin/ether futures ETFs, bundling them with gold and crude oil for release. This isn’t buying spot crypto—it’s putting leveraged derivatives products on the retail shelf, and pushing institutional product offerings another step further.
🔻 Why it matters to you
Big Pizza surged to 86,999 this morning before falling to 85,759—heavy sell pressure above 86k. Trading volume didn’t explode, which suggests the “shelf” got thicker but real money hasn’t actually come in. The wider the leverage channel, the sharper the pin—so it’s not necessarily more stable at the bottom.
🔻 My take
Long term, I believe traditional finance embracing crypto is a trend. In the short term, 3x leverage ETFs are tools for gamblers—not money gifts for holders. If 86k can’t hold, expect it to grind around 84,600, then decide again after tonight’s ISM sets the tone.
With the 3x ETF approval, do you see it as good news—or a lure to draw you in?👇
BTC #ETH
🔻 The toughest one this morning
The SEC approved the listing of 3x Bitcoin/ether futures ETFs, bundling them with gold and crude oil for release. This isn’t buying spot crypto—it’s putting leveraged derivatives products on the retail shelf, and pushing institutional product offerings another step further.
🔻 Why it matters to you
Big Pizza surged to 86,999 this morning before falling to 85,759—heavy sell pressure above 86k. Trading volume didn’t explode, which suggests the “shelf” got thicker but real money hasn’t actually come in. The wider the leverage channel, the sharper the pin—so it’s not necessarily more stable at the bottom.
🔻 My take
Long term, I believe traditional finance embracing crypto is a trend. In the short term, 3x leverage ETFs are tools for gamblers—not money gifts for holders. If 86k can’t hold, expect it to grind around 84,600, then decide again after tonight’s ISM sets the tone.
With the 3x ETF approval, do you see it as good news—or a lure to draw you in?👇
BTC #ETH
