Ouch for the shorts who lost on that play. Is this bullish? Not really… but it’s interesting to watch leveraged traders duke it out in real time.

Ouch for the shorts who lost on that play. Is this bullish? Not really… but it’s interesting to watch leveraged traders duke it out in real time.

I guess it’s normal. I think it’s more interesting just because it’s kind of ironic. Like people trade on leverage cause they want outsized returns but they end up having outsized losses.
I’m personally not a huge fan of leverage. Leverage rarely beats a good ole fashioned HODL.