{"id":36914,"date":"2025-07-15T07:32:55","date_gmt":"2025-07-15T07:32:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36914"},"modified":"2025-07-15T07:32:55","modified_gmt":"2025-07-15T07:32:55","slug":"strategy-bears-cave-in-as-anti-mstr-leveraged-etf-hits-rock-bottom","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36914","title":{"rendered":"Strategy Bears Cave In as Anti-MSTR Leveraged ETF Hits Rock Bottom"},"content":{"rendered":"
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Those betting against bitcoin (BTC)-holder MicroStrategy (MSTR) seem to have run out of patience and look to be exiting bearish bets. <\/p>\n

On Monday, a U.S.-listed exchange-traded fund (ETF) that provides a leveraged bearish exposure to shares of bitcoin holder MicroStrategy sank to lifetime lows on the back of near-record trading activity.<\/p>\n

Prices for the Defiance daily target 2x short MSTR ETF, listed under the ticker SMST on Nasdaq, slipped 7.58% to $18.17 on Monday, hitting a record low for the fourth consecutive day, according to data source TradingView.<\/p>\n

The decline happened as 2.88 million shares changed hands, the second-largest trading volume tally ever.<\/p>\n

\"SMST's<\/p>\n

Bears capitulate as BTC surges<\/h2>\n

SMST’s high-volume collapse points to capitulation of bears \u2013 those betting against MSTR have likely given up and are exiting the market. <\/p>\n

A high-volume record low typically indicates capitulation \u2013 market participants surrendering to the relentless bearish trend and exiting all their positions, giving up all hope of a recovery. This type of price action often marks peak bearishness in the market or bottoms.<\/p>\n

Bitcoin’s price tapped record highs above $122,000 during Monday’s Asian trading hours, providing bullish cues to all things tied to crypto. Later in the day, shares in MSTR rose over 3% to $456, the highest since November.<\/p>\n

Leveraged bearish bet<\/h2>\n

The 2x short ETF seeks to deliver daily investment results that are -200%, or minus 2x, the daily percentage change in the MSTR share price. In other words, it’s a leveraged bearish bet.<\/p>\n

The ETF’s price, however, has collapsed from over $2,000 on the inception day in August last year, and has been primarily in a downtrend, barring the brief uptrend from $1,600 to $2,368 in late August last year. As of Friday, the fund had a net inflow of $8.2 million in six months, according to<\/a> VettaFi.<\/p>\n

MSTR’s share price has increased multi-fold from $100 to over $440 during the same time. MicroStrategy is the largest publicly-listed bitcoin holder in the world, boasting a coin stash of<\/a> 601,550 BTC ($70.56 million) as of writing.<\/p>\n

2x long MSTR ETF rises<\/h2>\n

The Defiance daily target 2x long MSTR ETF rose to nearly $50 on Monday, the highest since January 24, with trading volumes rising for the fourth straight day to tally 9.2 million.<\/p>\n

As of Friday, MSTX had a net six-month outflow of over $175 million, per VettaFi<\/a>.<\/p>\n

Read more: Anti-Bitcoin Vanguard Might Be the Largest Institutional Holder of MSTR Stock<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Those betting against bitcoin (BTC)-holder MicroStrategy (MSTR) seem to have run out of patience and look to be exiting bearish bets. On Monday, a U.S.-listed exchange-traded fund (ETF) that provides a leveraged bearish exposure to shares of bitcoin holder MicroStrategy sank to lifetime lows on the back of near-record trading activity. Prices for the Defiance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36914","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36914"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36914\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}