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Fred Krueger: Bitcoin demand grows as 1,200 BTC bought daily

Fred Krueger: Bitcoin demand grows as 1,200 BTC bought daily
@dotkrueger: Bitcoin demand grows rapidly

Fred Krueger highlights a significant demand for Bitcoin, noting that IBIT alone is purchasing an average of 1,200 BTC daily.

Additionally, the combined buying by all ETFs and companies like MicroStrategy amounts to 2,000 BTC per day, resulting in over 1 million BTC being acquired every two years.

He suggests that most of the freely tradable Bitcoin supply will be bought in the next decade.

Krueger’s latest observations on ETF-driven accumulation complement his earlier analyses of Bitcoin’s trajectory, including strategies for capitalizing on a potential 10x rebound in market value. His identification of critical price inflection points, such as the $111,280 threshold for short positions, further underscores the complex interplay of institutional demand and price dynamics shaping Bitcoin’s outlook.

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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