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BTC stays flat as ETFs experience $635.6M outflow, Fred Krueger notes

BTC stays flat as ETFs experience $635.6M outflow, Fred Krueger notes
BTC flat after $635.6M ETF outflow

BTC traded around $81,700 and remained flat after a round trip from $85,000 to $81,000, with exchange-traded funds (ETFs) seeing $635.6 million in outflows, the largest single-day amount since June.

Fred Krueger, an investor and crypto entrepreneur, reported these figures and referenced a podcast episode that calls the anti-Saylor/Strategy/STRC group disingenuous.

Krueger previously noted BTC trading near $83,100 following a 3.6% decline, as sellers dominated and Strategy recorded a $21 billion Q3 gain in a recent report. Earlier, he suggested that a $20 billion purchase from Strategy could potentially drive BTC to 135,000 in another market prediction. These prior observations reflect Krueger's ongoing tracking of significant BTC movements and related institutional activity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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