🔴 BITX is trading 2.42% down today after Bitcoin fell below $84,000 amid leveraged-long liquidations

BITX is trading 2.42% lower at $19.59 as Bitcoin’s fall below $84,000 pressured the 2x Bitcoin-linked ETF.

• Bitcoin declined after a failed breakout above $87,000 and leveraged-long liquidations.
• Roughly $15.9 billion in Bitcoin options expired on September 25, adding volatility as traders adjusted hedges and leveraged positions.
• Broader equities were higher, pointing to crypto- and Bitcoin-specific weakness rather than index-driven pressure.