T-Rex 2X Long MSTR Daily Target ETF is trading 3.4% down in pre-market as Bitcoin prices soften and investors lock in gains following a significant rally.
- The pullback follows a sharp 10.9% surge on June 8, 2026, which was fueled by MicroStrategy’s latest Bitcoin purchase and a broader cryptocurrency rebound.
- Broader market sentiment has turned cautious after strong U.S. jobs data led to a repricing of interest rate hike expectations, weighing on high-beta leveraged products.
- Traders are currently taking profits in crypto-exposed equities as Bitcoin faces modest downward pressure before the market open.