Crypto
Bearish Bets in Reverse as Bitcoin Continues to Climb
A sharp reversal in bearish Bitcoin bets is rippling through the leveraged ETF space. The T-Rex 2X Inverse Bitcoin Daily Target ETF, BTCZ, recorded outflows of $2,276,992 on September 11, 2026. This represents a nearly 10% drop in assets under management (AUM) from $24.44 million.
The underlying asset, BTC-USD, is trading near $76,755.85, up about 19.8% over the past three months. The one-day technical signal for this asset stands at Buy.
This sizable move suggests investors are rapidly reassessing their appeal of leveraged short exposure to Bitcoin after a strong crypto rally. Outflows from BTCZ may reflect capitulation by traders who had been betting on a near-term pullback, as the underlying asset continues to grind higher.