Short Bitcoin bears blinked this week as ProShares Short Bitcoin Strategy ETF BITI saw $2.93 million in outflows on February 13, 2026. The move trimmed the fund’s assets under management to about $129.5 million, with the single-day redemption equal to roughly 2.26% of its AUM, hinting that some traders are scaling back outright bearish bets.
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The related asset, BTC-USD, is currently trading at $66,794.90 after a bruising three-month stretch, during which it has fallen about 27.66%. Despite those losses, the 1-day technical signal remains a cautious Strong Sell, suggesting that technicians still see near-term downside risk even as short ETF investors take some chips off the table.
The combination of sizeable outflows from a bearish product and persistent negative technicals on Bitcoin underscores a market in flux. Some investors may be locking in profits from earlier downside, while others could be repositioning for a potential volatility spike rather than a sustained trend, keeping sentiment finely balanced around the $66,000–$67,000 band.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.