BITO

How is BITO doing right now?

In plain terms: BITO is 49.2% below its highest-ever price. Dipsern checks every past time it was this far down and grades how the next 90 days usually went.

Right now BITO — ProShares Bitcoin Strategy ETF — is in a severe drawdown, down 49.2% from its record high. Last price: $8.92. Severe drawdowns separate structurally sound assets from the ones that don't recover. The historical data below shows what BITO did after similar episodes.

What history says at this drawdown

BITO reaches this drawdown band repeatedly in its history (50 observations), which is a modest sample for the segmentation engine to compute a stable median forward return. The engine uses a rolling 90-day window and gives more weight to recent years — this lets the signal adapt to regime changes (e.g., post-COVID volatility) without losing the long-run base rate.

What this means for BITO

ETFs aggregate constituent behavior, so their drawdowns tend to be shallower but more persistent than single stocks. The median forward return at a given drawdown level for an ETF is usually a more stable signal than for an individual equity. At this depth, focus on prediction error and sample size before median return. A high historical median return at -40% means nothing if the prediction error was also 30%.