Inverse Bitcoin traders blinked on Monday as the T-Rex 2X Inverse Bitcoin Daily Target ETF, BTCZ, saw $4.18 million in outflows on March 23, 2026, equal to roughly 17.2% of its $24.37 million in assets under management. The sharp redemption signals a notable retreat from bearish leveraged positioning just as crypto volatility remains elevated.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The related asset, BTC-USD, is currently trading at $71,276.95, down about 19.7% over the past three months as the broader market has struggled to extend last year’s rally. Short-term traders face mixed signals, with the one-day technical reading flashing a cautious Sell despite the recent pullback.
The sizeable redemption from BTCZ may suggest that some investors are locking in gains from prior downside hedges or scaling back risk ahead of potential policy and macro catalysts. Others could be anticipating a relief rebound in spot Bitcoin, which would work against a leveraged inverse structure if the price stabilizes or recovers from current levels.
Still, with nearly $20 million remaining in BTCZ, the fund retains a solid base of traders willing to express leveraged downside bets on Bitcoin’s path. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.