Believe it or not, Amplified Bitcoin trades like Amplified Bitcoin. We’ve seen this for 10+ years with BitMEX and the Bitcoin futures market. When Bitcoin is rising and demand for leverage increases, futures tend to trade at a premium and funding rates rise. When Bitcoin is falling and demand for leverage declines, premiums compress, funding rates fall, and futures can even trade at a discount. Unless you can perfectly predict short-term Bitcoin price movements, zoom out and take a long time horizon. If you expect Bitcoin’s long-term CAGR to exceed your cost of capital, embrace the volatility. I like the coin.