Just the other day, we warned that Bitcoin could fall even more.
And it did.
In fact, it’s now at $67,033.25, with more room to fall.
More bearish forecasts see Bitcoin falling below $60,000, with extreme downside scenarios pointing to levels near $30,000.
Several analysts cite weakening technicals and a fragile market. Crypto commentator Crypto Bitlord recently flagged $30,000 as a key long-term support level, arguing that the latest decline—triggered by a broader global market selloff—has further to run.
Plus, profit-taking has coincided with thinning liquidity and a lack of incremental buyers, according to CoinDesk. Traders told the site that demand once fueled by corporate accumulation—particularly Strategy’s Bitcoin purchases—has faded, leaving prices more vulnerable to forced selling and derivatives-driven liquidations.
With that forecast, we highlighted opportunity in two ETFs, including:
ProShares Short Bitcoin (SYM: BITI)
There’s the ProShares Short Bitcoin (BITI), which tracks the S&P CME Bitcoin Futures Index, with profitability computed daily (before fees and expenses) as the inverse (-1x) of the index’s daily performance. The last time Bitcoin collapsed from about $125,000 in October to a low of $80,000, BITI ran from about $16.51 to a high of $25.
This time around, we noted, “As Bitcoin has collapsed, the BITI ETF rallied from a recent low of $20.64 to a recent high of $24. Should Bitcoin break down even more, BITI could rally to $29.”
Today, the BITI ETF is up to $29.25 and could race even higher.
ProShares UltraShort Bitcoin ETF (SYM: SBIT)
We can also look at the ProShares UltraShort Bitcoin ETF (SBIT). With an expense ratio of 0.95% and monthly dividends, the ETF seeks daily investment results that correspond, before fees and expenses, to -2x the daily performance of the Bloomberg Bitcoin Index.
The last time Bitcoin collapsed from about $125,000 in October to a low of $80,000, SBIT ran from about $24.13 to a high of $51.86.
“As Bitcoin has collapsed, the SBIT ETF rallied from a recent low of $35.70 to a recent high of $46.25. Should Bitcoin break down even more, SBIT could rally to $60,” we added.
Today, the SBIT ETF is up to $68.50. From here, we’d like to see it test $80.
Read in Behind the Markets: Hedge fund legend humiliates Bitcoin traders
Larry Benedict made $274 million trading on Wall Street…
Barron’s ranked his hedge fund in the top 1% worldwide.
Now he’s applying the same expertise to the Bitcoin market.
His system tracks 19 indicators to find quick Bitcoin profit opportunities.
And his most brilliant discovery? A way to potentially collect fast payments of $4,898 or more from Bitcoin, over and over again.
Without risking a dime in crypto.
His strategy doesn’t rely on price going up.
You don’t need a wallet. Or to even own Bitcoin at all.
Just one signal. One move.
And the chance to pocket thousands while everyone else panics.
Now he’s revealing the entire thing… FREE.
Be warned, this might be difficult to hear.
Could it be worth it?
Found this helpful? Share it with others.
Written by Ian Cooper