Bitcoin slips toward $75k on ETF outflows
BTC failed to hold above $80k, with heavy ETF outflows and cautious sentiment, while Strategy kept buying and funding STRC buybacks.
What we know
Glassnode says BTC trades near $75k after a failed push above $80k, with the heaviest ETF outflows since early July. A veteran trader sees a cycle top with weakness into January. A crypto reporter says Strategy sold MSTR shares and bought 1,036 BTC at about $79,012 while spending more on STRC buybacks. Traders are watching leveraged ZEC longs, and one bull reportedly exited at a $1.1M loss (unconfirmed).
How the story developed
BTC failed to hold above $80k, with heavy ETF outflows and cautious sentiment, while Strategy kept buying and funding STRC buybacks.
About $185M of tokens unlock over the next week (PUMP, STABLE, APT and others), while some argue Strategy's $STRC could serve as an on-ramp into bitcoin.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.