Decline depth
-42.1%
From rolling 252-day high of $68.74, 234d ago.
Past the 40% Red List threshold.
Red List
BITBBitwise Bitcoin ETF
-42.1%
from rolling 252-day high of $68.74 set 2025-10-06 · 234d ago
Current
$39.82
Decline depth
-42.1%
Decline σ
6.5σ
TFC
0/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since it joined the list
$BITB landed on the list 2026-05-14, down 35.7% from its 52-week high that day — now down -42.1%.
That's 14.1 percentage points deeper than the day it joined.
Decline from the 52-week high as it stood on 2026-05-14 (fixed anchor) → today. Split-adjusted, Alpaca. Observed history, not a forecast.
Structural break signals
BITB qualifies for the Red List on decline depth.
Time-frame continuity
0/5 bearish
Latest bar across daily/weekly/monthly/quarterly/yearly time frames. A bar counts as bearish when it's a 2-Down or a red 3.
Decline sigma
6.5σ
Drop from local high over the last 20 bars, expressed in units of the stock's typical daily volatility (1.82% per day).
Past the ≥6σ Amber threshold.
The structural read
What price action says about BITB.
BITB qualifies for the Red List on decline depth — down -42.1% from its rolling 252-day high. Past the 40% threshold, the deepest tier in the taxonomy.
Cross-confirmation: decline sigma also reads 6.5σ over 20 bars.
52-week range
52W low $33.81
17.2% of range
52W high $68.74
Related — same sector
Closest decliners to BITB
Questions about BITB
What people ask.
Why is BITB on Broken Stocks?
BITB qualifies for the Red List on decline depth. It is down -42.1% from its rolling 252-day high of $68.74, set on 2025-10-06 — 234d ago.
Is BITB a falling knife?
Not by the strict technical definition. BITB is down -42.1% from its 52-week high, but that high was set 234d ago — more than 120 days. A falling knife is usually a recent breakdown from a fresh high, not an established multi-quarter downtrend. BITB is still on the Red List for decline depth, but the freshness component of a falling knife is missing.
Is BITB a buy?
Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.
Where is BITB trading inside its 52-week range?
At $39.82, BITB sits 17.2% of the way from its 52-week low ($33.81) to its 52-week high ($68.74). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has BITB been declining?
The current 42.1% decline accrued over 234d, which annualizes to roughly -65.7% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.