$BTC | A DeFi derivatives platform working through a hack and a claims process this week is a reminder a short carries two risks: market risk and counterparty risk.
On the desk we kept those separate. A smart-contract counterparty can get drained, and your margin queues behind everyone else's claim. SatoshiMacro's guide notes an ASIC-regulated crypto CFD caps leverage at 2:1 with mandatory negative balance protection, so a $500 deposit on a $1,000 short cannot lose more than that $500.
My read: the real trade-off is custody, not margin. A stop loss above entry matters either way. Most retail CFD accounts lose money, so a regulated counterparty does not fix a bad entry.
https://satoshimacro.com/guides/forex/how-to-short-bitcoin/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
#SatoshiMacro #DriftHackVictimsBeginClaims #BitcoinShort #Bitcoin
On the desk we kept those separate. A smart-contract counterparty can get drained, and your margin queues behind everyone else's claim. SatoshiMacro's guide notes an ASIC-regulated crypto CFD caps leverage at 2:1 with mandatory negative balance protection, so a $500 deposit on a $1,000 short cannot lose more than that $500.
My read: the real trade-off is custody, not margin. A stop loss above entry matters either way. Most retail CFD accounts lose money, so a regulated counterparty does not fix a bad entry.
https://satoshimacro.com/guides/forex/how-to-short-bitcoin/?utm_source=binance_square&utm_medium=social&utm_campaign=autopilot_trend
#SatoshiMacro #DriftHackVictimsBeginClaims #BitcoinShort #Bitcoin