Decline depth
-50.0%
From rolling 252-day high of $17.64, 288d ago.
Past the 40% Red List threshold.
Red ListRecovering
BITOProShares Bitcoin ETF
-50.0%
from rolling 252-day high of $17.64 set 2025-10-06 · 288d ago
Current
$9.06
Decline depth
-50.0%
Decline σ
0.5σ
TFC
0/5 bearish
Rolling 252-day high
Up day
Down day
Last 90 trading days · data from Alpaca
Since it joined the list
$BITO landed on the list 2026-05-14, down 52.9% from its 52-week high that day — now down -50.0%.
That's 9.0 percentage points deeper than the day it joined. It bottomed 66.2% below that high along the way.
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
BITO 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
0.5σ
Drop from local high over the last 5 bars, expressed in units of the stock's typical daily volatility (2.27% per day).
The structural read
What price action says about BITO.
BITO qualifies for the Red List on decline depth — down -50.0% from its rolling 252-day high. Past the 40% threshold, the deepest tier in the taxonomy.
Alongside that decline, our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames — moderate or strong time-frame-continuity (TFC) alignment — so the ticker also carries a Recovering badge. The two readings coexist: the tier tells you how deep the damage is, the Recovering badge tells you whether momentum may be turning. Recovering is not a buy signal; it's a structural read.
Broken Stocks stops here — it flags the structure, it doesn't build the upside case. Working out whether BITO's turn is investable is what our sister tool does: ConvictionEdge — triple-engine conviction research on names showing a recovery signal.
Upstream TFC read: strong alignment, current phase weekly. Last bar types — daily 2U (green), weekly 2U (green), monthly 1 (green).
52-week range
52W low $7.87
7.6% of range
52W high $23.49
Related — same sector
Closest decliners to BITO
Questions about BITO
What people ask.
Why is BITO on Broken Stocks?
BITO qualifies for the Red List on decline depth. It is down -50.0% from its rolling 252-day high of $17.64, set on 2025-10-06 — 288d ago. It additionally carries a Recovering badge — see below.
What does the Recovering badge mean for BITO?
Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — BITO is still Red List because the rolling-252-day decline hasn't healed, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier tells you how deep the damage is; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.
Is BITO a falling knife?
Not by the strict technical definition. BITO is down -50.0% from its 52-week high, but that high was set 288d ago — more than 120 days. A falling knife is usually a recent breakdown from a fresh high, not an established multi-quarter downtrend. BITO is still on the Red List for decline depth, but the freshness component of a falling knife is missing.
Is BITO 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 BITO trading inside its 52-week range?
At $9.06, BITO sits 7.6% of the way from its 52-week low ($7.87) to its 52-week high ($23.49). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.
How fast has BITO been declining?
The current 50.0% decline accrued over 288d, which annualizes to roughly -63.4% 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.