The relationship between btc3s and BTC

1. It does not exist. The reason why it is called long and short is that the corresponding relationship between the rise and fall of the two is different from that of the underlying currency. For example, the rise and fall of BTC is 1% after position adjustment. Without considering the triggering of irregular position adjustment, the rise and fall of btc3l's net value is 3%, and the rise and fall of btc3s's net value is - 3%. Therefore, btc3l is called BTC long and btc3s is called BTC short. In the actual transaction, the two can be understood as two completely different spot currencies, and the profit method is the same as other currencies in the spot market.

2. It does not exist. The reason why it is called long and short is that the corresponding relationship between the rise and fall of the two is different from that of the underlying currency. For example,
BTC
rises or falls by
1%
after position adjustment. Without considering triggering irregular position adjustment,
btc3l
rises or falls by 3%
and
btc3s
rises or falls by
- 3%
. Therefore,
btc3l
is called
BTC
long,
btc3s
is called
BTC
short. In the actual transaction, the two can be understood as two completely different cash currencies, and the profit method is the same as other currencies in the spot market.

3. From the name of leveraged ETF procts, we can see the currency of the underlying assets. For example, the underlying assets of BTC 3L and BTC 3S are BTC.