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7*24H Nasdaq Contract Driven by Leverage and Liquidation, Not Price Discovery

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According to Markos Mom on X, the 7*24H Nasdaq contract is not a true index. Its **price action** is shaped by leverage, funding rates, and liquidations, not by real-world data. When the market is closed, there’s no ETF arbitrage or cash flow—just traders’ predictions and a liquidation engine. Weekend volatility often breaks key **support and resistance** levels, not from fundamentals but from forced re-anchoring as the real market reopens. These swings are not mean reversion but a countdown to convergence. Leverage clusters trigger stop losses, which drive liquidations and sharp, temporary moves. The product’s behavior is less about fair value and more about margin limits and balance sheets. For most, it’s a gamble with a known endpoint but an unpredictable path.
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