Bitcoin Shorts Get Crushed as Anti-Strategy ETF Hits Record Low
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 15 2025
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Source: TipRanks
Market Reaction to Bitcoin and Strategy: The Defiance 2x Short Strategy ETF (SMST) has seen a significant decline, dropping over seven percent as Bitcoin prices surged past $122,000, indicating a capitulation among bearish traders. In contrast, the Defiance 2x Long Strategy ETF (MSTX) rose sharply, reflecting renewed bullish momentum for Strategy (formerly MicroStrategy).
Analyst Confidence in Strategy: Analysts are increasingly optimistic about Strategy's stock, with 11 out of 12 recent ratings being "Buy" and price targets suggesting potential upside, highlighting strong market confidence amidst Bitcoin's upward trend.
Analyst Views on SMST
Wall Street analysts forecast SMST stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SMST is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 73.400
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Current: 73.400
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
