🚨 Leveraged Bearish ETF Rockets 19%—MSTR & Bitcoin Brace for Impact

Wall Street's favorite doom-bet just got a turbocharge. A leveraged bearish ETF spiked 19% in a single move—throwing shade on MicroStrategy's Bitcoin gambit and the broader crypto market.

Short sellers are circling like sharks. The ETF's surge signals growing skepticism around 'number-go-up' tech narratives—and let's be real, when has Wall Street ever missed a chance to profit from pessimism?

MicroStrategy's high-wire act looks shakier by the day. The company's billion-dollar Bitcoin bet now faces its sternest test yet—because nothing terrifies HODLers quite like inverse ETFs printing money.

Meanwhile, crypto traders are left wondering: Is this the canary in the coal mine, or just another overleveraged product begging for a short squeeze? Either way—buckle up.

The macro-level trendline breakout is supported by a powerful bullish signal in the FORM of a bullish marubozu candle, indicating that buyers were in firm control last week and momentum is now decisively upward. The bullish marubozu candle is identified by a prominent green body and little-to-no wicks (shadows), indicating buyer dominance.

The overall takeaway for traders is that the SMST is suggesting a dour outlook for Strategy and bitcoin. Strategy is the largest publicly listed Bitcoin holder, possessing 628,791 BTC, worth over $71 billion, as of the time of writing.

The 2x short ETF seeks to deliver daily investment results that are -200%, or minus 2x, the daily percentage change in the MSTR share price. The fund represents a bearish leveraged bet on MSTR.

The ETF has seen a net inflow of 16.3 million in the past six months, according to data source VettaFi. Meanwhile, its bullish peer, the 2x long MSTR fund (SMST), has seen net outflows of over $275 million.