Crypto crashes and they go down at 2.99x .. understandable
Crypto is stable and trading sideways at low price around 1% change per day, the BLVTs go down to 2.8x
But when crypto starts to go up at almost 7% change within 24 hours, BLVTs crash to 1.95x basically keeping the NAV almost at a fixed price?
What is going on? This can't be legal
I'm talking about a lot of money here subject to something so vague and clear to be scummy
Customer support didn't comment and isn't replying. CZ on twitter isn't replying.
I'm gonna have to talk to a lawyer if I'm not offered a real technical explanation of why the leverage is going down when the crypto is going up at a faster rate than when it was when the leverage was 2.5 and 2.8x
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