Jul 10, 2026 12:23 PM
Forget Bitcoin volatility—the most degenerate bets are now happening in decentralized forex. One trader has held a $1 million EUR/USD long position for over 400 days on a DEX, stubbornly paying a 2.3% annual fee even as the price returned to their exact entry point. Using crypto platforms to chase high-leverage fiat trades is the new norm, but is it genius or just an expensive way to lose money to holding costs? Would you ever bet $1M on fiat using a crypto wallet?
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