Bitcoin Leverage Trade Cools as 2x Bitcoin Strategy ETF Sees Nearly $16.2 Million Walk Out the Door
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The 2x Bitcoin Strategy ETF, BITX, recorded outflows of $16,222,400 on January 16, 2026, marking a notable reversal of risk appetite in leveraged Bitcoin products. The latest redemption represents roughly 0.99% of the fund’s $1.64 billion in assets under management (AUM), a meaningful one-day adjustment that signals growing caution among traders who had been using the vehicle for amplified exposure to Bitcoin’s swings.
While less than 1% of AUM may not threaten the fund’s stability, the flow is significant in the context of recent crypto market turbulence and highlights how quickly sentiment can shift in leveraged strategies. Investors appear to be trimming risk rather than exiting wholesale, suggesting a tactical repositioning rather than a full-blown exodus from Bitcoin-linked products.
The related asset, BTC-USD, is currently trading at $90,933.51. Over the past three months, Bitcoin has fallen about 16.24%, a drawdown that helps explain why leveraged bulls may be reassessing their exposure. The 1-day technical outlook is leaning bearish, with the signal flashing Sell, reinforcing the short-term risk-off tone in the market.
Against this backdrop, the latest BITX outflows look less like an isolated move and more like part of a broader recalibration in leveraged crypto positioning, as traders weigh near-term technical weakness against Bitcoin’s longer-term adoption narrative. For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.