I'm not betting against a chart like this.
I'm sticking with my 2x long position and accepting the risk.
Either we see a 50% drop and my position is liquidated, or I ride a 150% move to the upside.
Those are odds I'm willing to take... $BTC
Percentage of $BTC supply in profit at each bottom.
2012: 47.77%
2014: 42.23%
2019: 40.20%
2022: 47.98%
2026: 47.91%
Most people don't realize how close we are to the bottom.
The 30K calls are just like the 10K calls last cycle, everyone expected them, but they never came.
Market leverage in Asian markets is through the roof:
Assets under management (AUM) in leveraged South Korean and Taiwanese ETFs are up to a record $65 billion.
Since the start of 2026, total leveraged ETF AUM has surged +490%.
This comes as 16 new single-stock leveraged ETFs tied to Samsung and SK Hynix were launched in South Korea two weeks ago.
By comparison, AUM in US leveraged ETFs stands near a record ~$180 billion.
Meanwhile, the SK Hynix 2x long Leveraged ETF surged +50% on Monday despite a -7.7% decline in SK Hynix shares, posting a rare divergence.
This fund should have declined -15% under normal tracking conditions.
Other single-stock leveraged ETFs tracking SK Hynix ended the session within normal ranges.
Investors are taking on more leverage than at any point in history.
BREAKING: Nasdaq 100 futures surge over +1.5% as Iran announces it is halting military operations against Israel and President Trump says he is working toward a "final deal" with Iran.