Being bullish on Bitcoin is easy until you have to hold a leveraged position through a really bad month That’s what got me interested in @2FactorFinance I can have a view on where BTC is going over the next few years but I still need to understand what happens to my position along the way So I spent some time reading about the structure and made this short video to explain what caught my attention The starting idea is pretty simple Everyone is holding exposure to the same asset but they don’t all want the same amount of risk 2Factor separates that into BTC-Sr and BTC-Jr Junior absorbs losses first and gives Senior a buffer Junior gets amplified exposure while Senior has dampened volatility That buffer has limits though Neither side is risk free Then there’s the part that makes the structure ongoing As older tranches mature they’re automatically replaced with fresh ones so holders don’t have to keep renewing them manually BTC-Jr targets around 1.33x Bitcoin exposure It’s a target that can change with conditions rather than a fixed multiplier or a guaranteed return Personally I want to spend more time understanding what holding this actually looks like What does it cost to stay in What happens after a deep drawdown How easy is it to exit when I want to Those are the things I’d check before putting money into it I like that the conversation here is about how leverage can fit a longer holding period I’d still want to see how the whole thing behaves when the market gets rough That’s what I tried to get across in these 30 seconds Watch it and tell me which part you’d want explained next For me it’s what happens to Junior during a really sharp BTC drop I’m also following the Points Program My referral is below and qualifying referrals can earn me Marks points.2factor.finance/r/kex… .