The U.S. Securities and Exchange Commission (SEC) approved a batch of 3x leveraged Bitcoin and Ethereum funds for trading today, according to Decrypt, which posted the news over seven hours ago. These high-leverage crypto products had been stuck in limbo for a long time. This time, the ones that got the green light are 3x funds—buying one share is like borrowing money to invest twice as much, so gains and losses are both tripled. On the same day, the CFTC and SEC also put forward a crypto regulatory framework. Last month, the CLARITY Act failed to pass a Senate vote.
I saw this first thing this morning but didn’t jump in. I did the math first: if BTC drops 10% and then rises 10%, its value ends up 1% lower. With 3x leverage, that’s 0.7 × 1.3 = 0.91, so you’d be down 9% for nothing. $BTC had a maximum one-day drop of 3.27% over the past 40 days; tripling that, I get -9.8%.
The gains feel great, but I just can’t handle the losses. Who do you think this kind of thing is meant for?
#币圈真实 #数据视角 #CryptoTradingDaily
I saw this first thing this morning but didn’t jump in. I did the math first: if BTC drops 10% and then rises 10%, its value ends up 1% lower. With 3x leverage, that’s 0.7 × 1.3 = 0.91, so you’d be down 9% for nothing. $BTC had a maximum one-day drop of 3.27% over the past 40 days; tripling that, I get -9.8%.
The gains feel great, but I just can’t handle the losses. Who do you think this kind of thing is meant for?
#币圈真实 #数据视角 #CryptoTradingDaily
