Bearish Bets Flood Inverse Bitcoin ETF as BTC Slides

The cryptocurrency market's recent downturn has led to an increase in bearish bets on Bitcoin. One notable example is the T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ), which has absorbed $1.56 million in fresh inflows.

This influx of capital represents roughly 5.8% of the fund's size, indicating a renewed conviction among investors betting on amplified downside for the cryptocurrency.

The related asset, BTC-USD, is currently trading at $66,242.25 after experiencing a 26.5% decline over the past three months.