Bloomberg ETF Analyst Says Degen Traders Buy Low and Sell High with TQQQ

Bloomberg ETF analyst Eric Balchunas posted on X platform, stating that Degen traders are using TQQQ as an ATM, consistently buying low to generate capital inflows and selling high to generate outflows, breaking the "dumb money" label. If TQQQ were a casino, they might get banned for winning too much. The same situation exists with SOXL and similar products, which helps explain why these products are popular.