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This year, Korean retail investors' investment preferences have shown interesting changes. Among overseas stocks, their enthusiasm for BitMine Immersion Technologies ranks second only to tech giant Alphabet, making it the second most popular target.
Data shows that even though BitMine's stock price has fallen nearly 80% from its July high, Korean retail investors continue to steadily increase their holdings. So far, the total net purchase amount has reached around $1.4 billion. More aggressive investors have even amplified their expected returns through 2x leveraged ETFs issued by T-Rex — but this strategy comes with significant costs, as the leveraged product has already declined about 86% from its September peak.
This phenomenon reflects retail investors' optimism about BitMine's long-term prospects, but it also exposes the risks of high-leverage investing. In the current market with intense volatility, such investment trends are indeed worth paying attention to.
2x leverage dropped 86% from its peak. The last time I saw this data was when my own contract was liquidated.
Korean retail investors are really incredible. I need to learn their persistence.
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Using 2x leverage to directly get an 86% liquidation, I just want to know how those people are sleeping now.
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Korean retail investors are really wild; Alphabet is no longer even in the rankings.
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Isn't this just gambling? Claiming to be long-term optimistic, but in reality, just holding on despite being trapped.
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86% loss... Oh my god, I will remember the name BitMine, never touch it again.
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The places where retail investors add positions are often the riskiest; this rule has never changed.
Leverage exploded by 86%? That's gambler's mentality haha
Is BitMine really that attractive, or is it purely gambling instinct
Playing with 2x leverage turned into 0.14x, can't stop laughing
Faith recharge? Or brain recharge? I don't know how to answer this question
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Playing with 2x leverage resulting in an 86% decline... This is what you call dreaming with leverage, right?
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Wait, BitMine has fallen this much and still ranks second? Korean retail investors' taste is really unique.
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Not sure, is this faith or gambler's mentality?
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Watching $1.4 billion plunge into the pit, I feel anxious for their wallets.
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Leverage... used for doubling dreams, but instead doubling losses, hilarious.
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So the question is, is BitMine really worth it or is everyone going crazy?
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Now, high leverage has directly turned into high-cost bottom fishing... but unfortunately, they bought in at the mountain's midsection.
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Doubling leverage directly cuts 86%, is this the daily routine of Korean retail investors?
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Pouring $1.4 billion in, how big of a story does BitMine need to hold up?
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The feeling of leverage explosion must not be very comfortable, haha.
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Long-term optimism is one thing, but the risk is indeed quite extreme.
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Those who can persist in adding positions are either true believers or truly able to withstand pressure.
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Compared to Alphabet directly taking on BitMine? Koreans really have a unique taste.