Short Bitcoin Bears Trim Positions as SBIT Faces Fresh Outflows
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ProShares UltraShort Bitcoin ETF, the leveraged bearish vehicle trading as SBIT, recorded net outflows of $1,251,702 on February 23, 2026. The move, while modest at 0.67% of its $185.6 million in assets under management, marks another sign that investors may be reassessing aggressive short exposure to Bitcoin.
The related asset, BTC-USD, is currently trading at $68,593.14 after a sharp 24.63% slide over the past three months. Despite that drawdown, its one-day technical signal sits at Hold, suggesting traders see near-term consolidation rather than a clear continuation or reversal of the recent downtrend.
The latest outflow from SBIT indicates some short sellers may be locking in profits or reducing risk after Bitcoin’s prolonged pullback. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.