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Why both BCHUP and BCHDOWN go down at the same time?

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Cryptocoins Exchanges / Binance 228 Views

Why both BCHUP and BCHDOWN go down at the same time?

Looking at the chart, both BCHUP and BCHDOWN went down around May 2021. In my understanding, BCHUP will go up if BCH goes up, BCHDOWN will go down if BCH goes down. These two tokens are supposed to be the opposite of each other, which means there should always be one going up and the other going down. However they both went down at the same time.

Am I understanding Binance Leveraged Tokens incorrectly or am I missing something?

https://preview.redd.it/2pc8a453ibi71.png?1916&format=png&auto=webp&s=c6c796dccd7f64f45da32172ae343dd47ba6d633

https://preview.redd.it/6g6vk353ibi71.png?1894&format=png&auto=webp&s=09a188c68e59c69dddcdbc754a6b3ec78a02e78c

submitted by /u/bofeiw
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