Bearish Bets Trimmed as T‑Rex 2X Inverse Bitcoin Daily Target ETF Sees Outflow
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The T-Rex 2X Inverse Bitcoin Daily Target ETF, BTCZ, recorded outflows of $740,688 on March 31, 2026, easing bearish positioning against Bitcoin. The withdrawal equals about 2.8% of the fund’s $26.25 million in assets under management, a sizeable single-day shift that suggests some traders are locking in gains or scaling back short-term hedges.
The related asset, BTC-USD, is currently trading at $66,978.01 after a sharp 29.1% slide over the last three months, a move that would have favored inverse strategies like BTCZ. Yet despite Bitcoin’s drawdown, the one-day technical outlook flashes a cautious note, with a Strong Sell signal hinting that downside momentum may not be exhausted.
The combination of continued technical weakness in Bitcoin and notable outflows from an inverse ETF points to a more nuanced sentiment shift. Some investors appear to be taking profits on successful bearish wagers, while others may be reconsidering the risks of leveraged inverse exposure if volatility accelerates from here.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.