Short sellers in Bitcoin just blinked. The T-Rex 2X Inverse Bitcoin Daily Target ETF, BTCZ, recorded outflows of $1.50 million on May 06, 2026, as bearish leveraged bets were trimmed. With assets under management at roughly $21.25 million, the redemption erased about 7.1% of the fund’s capital base in a single day.
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The exodus suggests traders are losing conviction in aggressive downside wagers after Bitcoin’s latest grind higher. The related asset, BTC-USD, is currently trading at $80,937.78, up about 18.1% over the past three months. Its 1-day technical signal flashes a firm Buy, underscoring the pressure on inverse and leveraged short products like BTCZ.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.