🚀 Bitcoin is buzzing as it flirts with the $100,000 mark! The ProShares UltraShort Bitcoin ETF (SBIT) saw a record trading volume of over 8 million shares on Nov. 13, when BTC hit $90,000 for the first time. Since then, BTC has been dancing between $90,000 and $100,000, with the ETF's daily trading volume averaging over 5 million shares.
- The ETF offers a leveraged bearish bet, rising 2% for every 1% BTC drop.
- Recent inflows suggest bulls are hedging against potential pullbacks.
- Spot bitcoin ETFs have seen $2.5 billion in net inflows since Nov. 13.
What are your thoughts on BTC's next move? Share in the comments!