Short Sellers Blink: Bitcoin Bear ETF Sees Nearly 10% of Assets Walk Out the Door
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The T-Rex 2X Inverse Bitcoin Daily Target ETF, ticker BTCZ, recorded significant outflows on February 3, 2026, with investors pulling $1,654,719 from the leveraged bearish product. The move represents roughly 9.3% of the fund’s latest reported assets under management, which stand at $17.7 million, marking a notable vote of reduced conviction in aggressively shorting Bitcoin.
Such a sizable redemption in a single session suggests that a portion of traders may be locking in profits or de-risking after Bitcoin’s protracted slide, rather than doubling down on further downside. Given BTCZ’s 2x inverse construction, sharp shifts in flows can signal changes not only in sentiment on the underlying crypto asset, but also in investors’ appetite for leveraged exposure amid heightened volatility.
The related asset, BTC-USD, is currently trading around $65,709.84, having fallen approximately 36.7% over the past three months. Despite Monday’s positioning shift in BTCZ, the short-term outlook remains cautious: the one-day technical reading for Bitcoin flashes a Sell signal, underscoring that price pressure and weak momentum continue to weigh on the benchmark cryptocurrency.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.