🔴 T-Rex 2X Long MSTR Daily Target ETF is trading 17% down today as Bitcoin falls below $70,000 amid broad crypto deleveraging

T-Rex 2X Long MSTR Daily Target ETF is trading 17% down today as Bitcoin breaks below the $70,000–$73,000 range, triggering a sharp selloff in MicroStrategy (MSTR) and its leveraged tracking products.

• The downturn is fueled by rising geopolitical tensions, significant Mt. Gox–linked wallet movements, and persistent outflows from spot Bitcoin ETFs, driving a broad risk-off environment in the crypto sector.
• As a 2x leveraged instrument, the ETF is amplifying the downside volatility of MSTR, which remains highly sensitive to Bitcoin's price action due to its substantial corporate holdings.
• This move extends the steep declines seen in the previous session, as the market reacts to continued weakness in the underlying digital asset.