BTCDOWN
Go 2-4x short on BTC
0.008047 USDT
Net Asset Value
0.00798 USDT
Last Price
Product Information
Transaction rules
| Name | BTCDOWN |
| Assets Under Management | 354045.09492449276478USDT |
| Basket | -10.026552 XBTUSDTM Futures |
| Issued Size | 43997153.58823074 |
| Leverage (Target/Actual) | 2.00-4.00x / 2.5562x |
| Management Fee Per Day | 0.045% |
| Regular Rebalance | When the leverage goes outside of the 2x-4x range, rebalancing is performed. |
| Irregular Rebalance | When BTC increases by 12%, the position will be rebalanced. |
Introduction
BTCDOWN is a leveraged token that goes 2-4x short the BTC via futures trading. By means of leverage and the rebalancing of the asset base, when the BTC price drops 1%, the net asset value of BTCDOWN will rise by 2-4%.
Due to the rebalancing mechanism, the NAV of the leveraged token may be worn in the price volatility. It is recommended that you do not hold the leveraged token for long periods of time to control for risks.
When ETF shares merge, the number of shares you hold will be reduced to 1/1000 of the original quantity (assuming a 1000:1 consolidation). The price of each ETF share will increase by a factor of 1000, while the total value of your ETF holdings remains the same. Please note that trading will be temporarily suspended during consolidation.
Rebalance History
| Time | Basket (Before Rebalancing) | Basket (After Rebalancing) | Leverage (Before Rebalancing) | Leverage (After Rebalancing) |
|---|
| 12/13/2025 00:00 | -10.029525 XBTUSDTM | -10.026552 XBTUSDTM | 2.5562x | 2.5562x |
| 12/12/2025 00:00 | -10.117953 XBTUSDTM | -10.029525 XBTUSDTM | 2.7965x | 2.7965x |
| 12/09/2025 16:44 | -13.529952 XBTUSDTM | -10.117953 XBTUSDTM | 4.0117x | 3.0019x |
| 12/08/2025 00:00 | -13.570978 XBTUSDTM | -13.529952 XBTUSDTM | 3.3041x | 3.3041x |
| 12/04/2025 08:21 | -13.571971 XBTUSDTM | -13.570978 XBTUSDTM | 3.7863x | 3.7863x |
| 12/02/2025 08:00 | -13.612464 XBTUSDTM | -13.571971 XBTUSDTM | 2.8231x | 2.8231x |
| 12/01/2025 08:00 | -13.679626 XBTUSDTM | -13.612464 XBTUSDTM | 2.7655x | 2.7655x |
| 11/24/2025 17:59 | -18.249859 XBTUSDTM | -13.679626 XBTUSDTM | 4.0023x | 2.9953x |
| 11/23/2025 16:00 | -18.286959 XBTUSDTM | -18.249859 XBTUSDTM | 3.7082x | 3.7082x |
| 11/23/2025 08:00 | -18.287772 XBTUSDTM | -18.286959 XBTUSDTM | 3.4603x | 3.4603x |