ETH falls below $2,400
Market data shows that ETH has fallen below $2,400, currently quoted at $2,399.36, with a 24-hour increase of 0.67%. The market is experiencing significant volatility, so please manage your risks accordingly.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Last week, retail investors made a "record-breaking" dip buy of US chip leveraged ETFs, but this week they plummeted.
Last week, retail investors poured $6.1 billion into 3x leveraged chip ETFs, but suffered a 20.5% single-day plunge this Thursday, almost perfectly coinciding with the start of the rapid downturn. The cumulative decline in October has exceeded 43%, far surpassing the 15.9% loss of non-leveraged products during the same period. The root cause lies in the market’s skepticism toward AI investment returns. The most significant uncertainty is whether aggressive spending by tech giants will actually deliver on profit expectations, while the use of leverage has exponentially magnified the cost of this misjudgment.
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