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05 Aug 2026, 17:44 UTC · 23h ago
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4 claims · each scored for market impact
The 2x Bitcoin Strategy ETF (BITX) has seen its net assets drop from $2.25 billion in March 2026 to $1.03 billion by May 2026. — Significant capital outflow and asset depletion in a major leveraged vehicle signal waning investor confidence and high risk of further liquidation.
-0.60Bitcoin is currently trading near $64,074, down approximately 26.77% since the start of 2026. — A substantial year-to-date decline in the underlying asset reflects a bearish trend for the broader crypto market.
-0.50BITX has lost 55.86% of its value in 2026 due to a combination of Bitcoin's decline and the compounding effect of daily leverage resets. — The extreme decay highlights the danger of leveraged products in volatile markets, potentially deterring risk-appetite for similar instruments.
-0.40Continue reading
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A critical technical floor for Bitcoin is identified at $62,200, where a break could signal deeper trouble. — Breaking this specific support level could trigger further sell-offs and accelerate the decay of leveraged long positions.
-0.30Which stocks this story touches
The ETF has collapsed over 50% in 2026 due to Bitcoin's decline and daily leverage reset decay.
The company's shares fell 9% due to jitters regarding its outlook.
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