🔴 BITX is trading 5.9% down in pre-market as Bitcoin retreats below $83,000

BITX is trading at $18.65, down 5.90%, as Bitcoin retreated below $83,000 amid renewed AI-spending concerns weighing on risk appetite.

• Bloomberg reported Bitcoin fell as much as 2.4% in early Asia trading.
• Weak U.S. futures, falling Asian shares and Middle East tensions pushing oil higher added to the risk-off backdrop.
• Bitcoin weakness is the clearest relevant driver for this 2x Bitcoin-linked fund; no BITX-specific announcement surfaced.