Short Bets Ease on Bitcoin as ProShares’ Inverse ETF Sees Outflow
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Bearish positioning in Bitcoin took a step back this week as the ProShares UltraShort Bitcoin ETF, SBIT, recorded outflows of $1,452,256 on January 20, 2026. The redemption, equal to about 1.40% of the fund’s $103.54 million in assets under management, marks a notable pullback in capital allocated to leveraged short exposure on the world’s largest cryptocurrency.
The move suggests some investors are locking in profits or reducing conviction in further near-term downside, even as Bitcoin’s price remains under pressure. The related asset, BTC-USD, is currently trading at $89,911.24, down roughly 17% over the past three months. Despite the recent outflow from SBIT, technicals on Bitcoin are still flashing caution, with a 1-day signal of Strong Sell, reflecting persistent bearish momentum on short-term charts.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.