Bearish bets on bitcoin swelled this week as ProShares Short Bitcoin Strategy ETF, BITI, absorbed $3.53 million in fresh inflows on April 16, 2026. The move lifted the fund’s assets under management to $170.0 million, with the latest flows amounting to just over 2.07% of its total capital base.
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The related asset, BTC-USD, is currently trading at $76,582.51 after sliding about 19.07% over the past three months. Despite this drawdown, the short-term picture has brightened, with a 1-day technical signal flashing Buy, hinting at a possible near-term rebound.
BITI’s rising AUM suggests some investors are still seeking downside protection or speculative exposure against bitcoin’s price, even as technical indicators point to a potential bounce. The divergence underscores ongoing uncertainty around whether the recent pullback marks a healthy correction or the start of a deeper retracement in crypto markets.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.