# eth5L

The long positions on BTC and ETH can be partially closed now. This half-month of perseverance, from the first post about going long on ETH5L to now. It's really been a roller coaster. Even if you don't trade derivatives, as long as you hold firm in buying ETFs, you can still double your position. #ETH5L

#ETH5L Why does ETH go up 5L but not increase? When it falls, does it drop together with everything else?

Many beginners get scared seeing ETH5L and BTC3L on Gate.io. These are called Leveraged Tokens or ETF Tokens.
What's the difference from Futures? In Futures, you select 125x Leverage yourself. If the price moves 1% against you, you get Liquidated and lose all your money.
But ETH5L is a 5x Long Token. Here, the Exchange manages the Leverage itself. So you won't get Liquidated. Just Buy/Sell. No Funding Fee, No Margin Call.
However, there is a big risk. It's called Volatility Decay. If the Market is Sideways, the price decreases little by little every day. So ETH5L is only perfect for 1-3 day Sh