Tom Lee Says Strategy's Bitcoin Sale Is Classic 'Bottom Behavior' | CoinDesk Daily

**Sam Ewen** (0:00)
Bitcoin ETFs hit a record outflow streak of $3.4 billion, and Mt. Gox moved $739 million in BTC. This on CoinDesk Daily.
US spot Bitcoin ETFs have now logged 11 straight days of outflows, totaling $3.45 billion.
This is the longest withdrawal streak since the funds launched in January 2024 In the meantime, Bitcoin's plunge continues as the largest crypto by market cap dips below $69,000. Bitmine's Tom Lee said strategy's small Bitcoin sale is typical bottom behavior, rather than a sign of deeper trouble. He told CoinDesk that Sailor is just following through on what he said he would do, and that strategy still holds 99.99% of its Bitcoin. Lee says Bitmine's accumulation plan is on track. The firm bought another $11,942 ETH worth roughly $237 million last week. And finally, defunct exchange Mt. Gox just moved $10,422 Bitcoin worth roughly $739 million to a new wallet. This is the trustee's largest single transfer in months and the biggest move ahead of the October 31, 2026 deadline to complete creditor repayments. Mt. Gox still holds about $34,504 Bitcoin valued at $2.4 billion. Get more updates on coindesk.com