🔴 Leveraged Bitcoin ETF (BITU) is trading 5.53% down as Bitcoin falls below $84,000

BITU is trading at $15.02, down 5.53%, as Bitcoin fell below $84,000 amid oil-driven risk-off, elevated Treasury yields and a firmer U.S. dollar.

• More than $400 million in long positions were liquidated within an hour, amplifying the drop.
• Traders are watching for the October 7 FOMC minutes.
• BITU’s leveraged Bitcoin exposure magnifies the move; it closed at $15.90 on October 6. Trading volume and activity level are unavailable in the supplied price context.