#PI3S# Hello customer service, I am a holder of PI3S. According to what is said, PI3S is a threefold shorting coin, but why is there such a big difference in the corresponding price of PI3S when PI falls to 0.7 and when PI last rose to 0.7?

PI3S6.08%
PI-2.72%
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GateUser-407c4856vip
· 06-20 23:27
Please do not black PI
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SmallBerryvip
· 05-17 11:38
Dear user, hello. The threefold or fivefold leveraged ETF products will increase price fluctuations and bring greater profit and loss risks. Please be sure to understand in detail and participate cautiously. Due to the existence of scheduled and temporary adjustments, the price fluctuations over a period of time do not always correspond to the target leverage multiples. The ETF products hedge through the perpetual futures market, profits will enter a position, and losses will reduce position, adjusting the leverage ratio daily based on profits and losses back to the target leverage multiple, which can be significantly eroded under the repeated fluctuations of market prices. Due to the adjustment mechanism and holding costs, leveraged ETFs are not suitable for long-term holding. ETF products have large price fluctuations and high risks, so please participate cautiously. For specifics, you can refer to https://www.gate.io/zh/help/trade/leverage_tokens. If you have any questions, you can consult our customer service through the small window.
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