🟢 Leveraged Bitcoin ETF (BITU) is trading 2% up as short liquidations fuel Bitcoin rebound

BITU is trading at $15.09, up 2.03%, as Bitcoin rebounded overnight.

• Bitcoin rose 2.51% in four hours to $83,369 as short positions were liquidated.
• Slightly easier U.S. Treasury yields and the dollar gave crypto assets breathing room; investors are watching Wednesday’s CPI report.
• BITU targets 2x Bitcoin’s daily performance, amplifying the underlying move.