Futures
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Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
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Launch
CandyDrop
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Launchpool
Quick staking, earn potential new tokens
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Alpha Points
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Futures Points
Earn futures points and claim airdrop rewards
Just noticed: Bitcoin has fallen to a two-week low after massive long positions were liquidated. We're talking about roughly 300 million dollars that have flown out of the market. The current price is just under $74,000 with a slight decrease in the last 24 hours.
This is exactly the scenario that many leveraged ETF traders fear. When so many positions are liquidated at once, it naturally pulls the price downward. Especially with leveraged ETF products, this can cause significant pain if you're positioned incorrectly.
Interestingly, such waves of liquidation often pass quickly. But those trading with leveraged ETFs should keep this in mind. This volatility is precisely why many say that leveraged ETFs are not for the faint of heart.