Market is bleeding hard this week — is now actually a good time to get into futures?
BTC is down nearly 11% in June? If i'm remembering it correctly. ETH hovering just above $1,900. Geopolitical stuff with Iran, ETF outflows of like $3B+ in three weeks. Everyone in my circle is panicking and saying even if the market is down you can still make money by shorting btc on futures, but that feels... wrong?
Like I get the logic, prices are lower, leverage means bigger upside if it reverses. But isn't that also the exact mindset that gets people rekt? I'm a spot holder mostly, not a futures person.
But genuinely asking, is there a case for futures in a down market or should I just keep sitting on my hands? tbh I don't want to touch leverage and lose my shirt but I also feel like I'm missing something.
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