I bought some "3x short Bitcoin tokens" 7/25/2021 on FTX when the Bitcoin rate was BTC1/$34175 for 329USDT. 1 btc have been around $40000 for a long time now, and currently it's even down to ≈1BTC/22000 but my 3x short Bitcoin position is still currently only worth around 111USDT. I understand it's about time and value of an underlying asset. I also learned about "volatility decay" then there is a fee on this leverage. Furthermore, I don't think btc will fall much under $20000. But how long will it take for my short position to
recover in this bear market, will it ever?
Wrong place to post this but I'll answer you question. Yes, your position will recover, there's no risk of liquidations with these tokens so that's good. I don't know how long it will take and to be completely honest with you, nobody does. They have a daily management fee so do some math on that and see how much it costs you a day to keep that token.