BITX is trading 2.31% down at $19.66 as Bitcoin fell below $84,000 amid leveraged-long liquidations.
- Bitcoin’s reversal followed a failed breakout above $87,000; $237 million in leveraged long positions were liquidated in one hour.
- Stronger-than-expected economic data, higher Treasury yields and broader risk-off trading reinforced Bitcoin’s decline.
- No clear BITX-specific announcement was identified; leveraged Bitcoin exposure and weaker U.S. equity markets added pressure.