Bearish Indicator: Bitcoin Short Exposure Surge To New All-Time High

Large institutional investors have since been turning their attention to shorter-term investments. This tracks with retail sentiment following the price decline of bitcoin from the $30,000 territory. This has put the digital asset in a perilous position, and despite the recent recovery that saw BTC touch $25,000, bearish sentiment continues to be the order of the day, causing the inflows into short bitcoin to balloon over this time. Short Bitcoin Inflows Grow Short bitcoin inflows have been on the rise for a couple of months now. When the ProShares’ short bitcoin ETF had first launched earlier in 2022, it had seen record BTC inflows. Interest in the short bitcoin ETF had declined after this but quickly picked up once more. Related Reading: Why Is Shiba Inu’s $BONE On The Rise And Is It Time To Get In? The most notable of these had been when the price of bitcoin had fallen below $21,000. It had declined to almost half of its all-time high back in early August, showing a reversal in bearish sentiment. However, as the month has drawn to a close, institutional investors have turned their gaze towards shorting bitcoin one more. Short BTC exposure reaches new high | Source: Arcane Research Inflows into the Proshares BITI pushed it to a new all-time high with 4,310 BTC recorded on August 29th. Now, it is important to note that this is nowhere near the current BTC long exposure for the Proshares ETF. Rather, the rapid climb in th...