not gonna lie this was basically me yesterday
eth dumped like 5% to around 2550, ETFs had ~$200m walk out the door and over $200m in longs got wiped. and i was absolutely one of them lol
lesson relearned for the 47th time: "it's october" is not a trading strategy
anyway who else got caught? and are we holding 2500 or is this going lower
touched $86,999 yesterday. ONE dollar off. then straight back to 85.8k and $109m in longs got wiped
at this point 87k isnt resistance its a personality trait
honestly whats your plan here, waiting for the breakout or just buying the chop?
SEC just approved the first 3x leveraged bitcoin and ether ETPs
we spent years getting told leverage is gambling and crypto is a casino. now you can do 3x btc in your brokerage account like it's an index fund lol
btc's been stuck around 86-87k too, so honestly kinda curious who's buying 3x into this chop
the funny part is the ETF can't get liquidated like a perp. but decay on these things is real, sideways for a few weeks and you're down even if price ends up where it started
anyone actually planning to touch these or still sticking to spot?