Bearish Bets on Bitcoin Continue Amid Recent Price Rebound

A recent surge in the value of Bitcoin has not been enough to deter traders from taking bearish bets on the cryptocurrency.

The ProShares Short Bitcoin Strategy ETF, BITI, has attracted $905,412 in fresh inflows on April 24, 2026, lifting its assets under management to $179.9 million. This influx of capital represents about 0.50% of the fund's AUM, indicating a cautious yet significant interest in hedging against potential losses.

The current price of Bitcoin, at $77,929.49, is still 13.15% lower than its value three months ago. However, the one-day technical outlook suggests that near-term momentum is beginning to turn constructive.