Inverse Bitcoin bets lost momentum this week as the T-Rex 2X Inverse Bitcoin Daily Target ETF, BTCZ, recorded outflows of $1.81 million on May 01, 2026. The redemption equals roughly 7.6% of its $23.93 million in assets under management, signaling a notable swing in sentiment among traders who had been positioning for downside in the cryptocurrency.
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The related asset, BTC-USD, is currently trading at $78,515.77 after gaining about 3.4% over the past three months. Its one-day technical profile flashes a bullish Strong Buy signal, underscoring that recent price resilience may be pressuring short-biased strategies and prompting investors to trim leveraged inverse exposure.
For BTCZ holders, the hefty outflow suggests that conviction in a near-term Bitcoin pullback is fading, at least among the more tactical cohort using daily 2x inverse products. As long as Bitcoin holds above recent support and momentum indicators remain constructive, demand may continue to tilt toward long or hedged strategies rather than amplified bearish bets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.