Short Bitcoin Bears Blink as SBIT Sees One of Its Biggest Outflows of the Year
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
The ProShares UltraShort Bitcoin ETF, SBIT, recorded a sharp reversal in investor positioning on January 16, 2026, with outflows of $8.77 million. The move erased roughly 8.3% of the fund’s latest reported assets under management, which now stand at about $105.7 million, signaling that a meaningful slice of traders may be unwinding leveraged bearish bets against Bitcoin.
The related asset, BTC-USD, is currently trading around $92,938.01, down roughly 13.1% over the past three months. Despite this medium-term pullback, the short-term picture remains fragile, with a 1-day technical signal flashing Sell, suggesting that momentum and trend indicators still lean negative.
The sizeable outflow from this inverse, leveraged product hints that some investors may be locking in profits after Bitcoin’s recent slide, or reducing risk amid growing uncertainty over the next directional move. When capital exits a bearish ETF of this size, it can indicate that the most aggressive downside views are moderating—even as technicals continue to warn of near-term pressure on the underlying crypto asset.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.