「Byte Stock Trading Nets $30 Million」 KOL: Discrepancy in Leverage ETF and Underlying Stock Ratio Causes Sharp Decline, Exited SK Hynix Position by End of June

BlockBeats News, July 13th, the protagonist of "Byte Stock Trading Made Me $30 Million", Leto Bao, commented today on the continued plunge of the South Korean stock market. He stated that he had completely cleared his position in Samsung by the end of June because "the leverage ETF was out of balance with the spot market, there may be a pullback, I need to use options for hedging, but the South Korean stock market is weak in this regard, so I sold all South Korean and Japanese stocks, holding only US stocks, and bought some Put options for hedging to prevent risks."

Leto Bao believes that the South Korean stock market will continue to fluctuate and drag down the entire storage sector. The turning point will be when the South Korean government starts tightening leverage ETFs.