Bitcoin bears pay to bet on further declines as futures positions near yearly lows
Published . Updated .
Overall demand for leveraged exposure remains weak, marked by sliding futures open interest. The capital that's still in the market appears skewed toward bearish positions.
Directly affected
- No company is named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- BITB BITWISE BITCOIN ETF TR
GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITU PROSHARES ULTRA BITCOIN ETF
GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITX 2X BITCOIN STRATEGY ETF
GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- GBTC GRAYSCALE BITCOIN TRUST ETF
GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
Overall demand for leveraged exposure remains weak, marked by sliding futures open interest. The capital that's still in the market appears skewed toward bearish positions.
Source: CoinDesk
The price since 28 Sep 2026: Bitwise Bitcoin ETF (BITB) versus the S&P 500
Since the first closing price after “Bitcoin bears pay to bet on further declines as futures positions near yearly lows,” Bitwise Bitcoin ETF (BITB) is -2.25%. The S&P 500 fund (SPY) is +0.29% over the same days, a -2.54% difference versus the market.
Who gains and who loses around Bitwise Bitcoin ETF (BITB)
Companies mentioned with this story
- BITB Bitwise Bitcoin ETF
Bitwise Bitcoin ETF (BITB) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin bears pay to bet on further declines as futures positions near yearly lows.” Reason on file: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITU Proshares Ultra Bitcoin Etf
In “Bitcoin bears pay to bet on further declines as futures positions near yearly lows,” Proshares Ultra Bitcoin Etf (BITU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITX 2X Bitcoin Strategy Etf
2X Bitcoin Strategy Etf (BITX) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin bears pay to bet on further declines as futures positions near yearly lows.” Reason on file: GA selected BITX as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- GBTC Grayscale Bitcoin Trust ETF
Grayscale Bitcoin Trust ETF (GBTC) is linked, with no stored direction, medium confidence in the 28 Sep 2026 story “Bitcoin bears pay to bet on further declines as futures positions near yearly lows.” Reason on file: GA selected GBTC as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- IBIT iShares Bitcoin Trust ETF
In “Bitcoin bears pay to bet on further declines as futures positions near yearly lows,” iShares Bitcoin Trust ETF (IBIT) is linked, with no stored direction, medium confidence. Reason on file: GA selected IBIT as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- UVIX VS Trust
For “Bitcoin bears pay to bet on further declines as futures positions near yearly lows,” VS Trust (UVIX) is linked, with no stored direction, medium confidence. Reason on file: GA selected UVIX as a RELATED security because its canonical security name directly matches this event's themes: futures. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Bitwise Bitcoin ETF (BITB)
On 28 Sep 2026, “Bitcoin bears pay to bet on further declines as futures positions near yearly lows” is the story that connects Bitwise Bitcoin ETF (BITB) to this story.
The link for Bitwise Bitcoin ETF (BITB) is this: GA selected BITB as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Proshares Ultra Bitcoin Etf (BITU) is here too. Its reason reads: GA selected BITU as a RELATED security because its canonical security name directly matches this event's themes: bitcoin. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Bitwise Bitcoin ETF (BITB)
BITB traded between 43.26 and 47.30 across 20 sessions. The latest close on file is 44.34. BITU traded between 13.70 and 16.49 across 20 sessions. The latest close on file is 14.38. BITX traded between 17.70 and 21.33 across 20 sessions. The latest close on file is 18.59.
A simple score for Bitwise Bitcoin ETF (BITB)
46 out of 100
“Bitcoin bears pay to bet on further declines as futures positions near yearly lows” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.