Leveraged Bitcoin Bulls Blink as BTCL Sees Notable Outflows Ahead of Year-End
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The T-Rex 2X Long Bitcoin Daily Target ETF, BTCL, recorded outflows of $1,186,964 on December 24, 2025, a sizable move for a leveraged vehicle with roughly $37.5 million in assets under management (AUM). The redemption wave, equal to about 3.17% of AUM, suggests a segment of traders is locking in gains or cutting risk as volatility in the underlying asset remains elevated.
BTCL’s structure amplifies daily moves in Bitcoin, making flows especially sensitive to short-term sentiment swings. A single-session outflow of this magnitude may not signal a structural shift, but it underscores how quickly leveraged ETF investors adjust positioning when the market narrative turns cautious or year-end risk management kicks in.
The related asset, BTC-USD, is currently trading at $89,390.02. Despite the latest 1-day technical outlook flashing a bullish Buy signal, Bitcoin has retreated about 27.25% over the past three months, reflecting a sharp consolidation after prior highs. This divergence—short-term technical strength against a deeper three-month drawdown—helps explain why some leveraged ETF holders may be de-risking even as traders with a shorter time horizon start to re-enter.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.