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Bitcoin ETF Obsession: Ignoring Derivatives' Leverage Risks
2024/03/05 21:25
The
market became myopically focused on the
Bitcoin ETF narrative, ignoring the excessive leverage and positioning in the derivatives mkt. Since when are
funding rates at 60-70% annualized a Buy signal? Now the leverage is getting washed out, rinse, repeat, and bull mkt resume..
0
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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