Strategy sold 3,588 BTC, valued at ~$225.6 million



This occurred exactly between June 30 and July 1, when $BTC touched a local low of ~$57,800, which was evidently caused by this sale.

This sale aligns with the mechanism announced last week: the company authorized the sale of up to $1.25 billion worth of BTC to supplement dollar reserves and repay debt. This means we may see nearly $1 billion in further sell-offs in the near future.
BTC1.56%
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TraderCouple
· 2m ago
The drop tonight was caused by this news! Unfortunately, it was pulled back again. It also drove me crazy today.
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ProofOfSnack
· 17m ago
Replenish USD reserves? Translation: Sell high to repay US debt.
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0xLateCoffee
· 1h ago
This selling pressure structure shows retail investors catching falling knives quite firmly at 57k.
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ReminderOfWavesCrashingAgainst
· 1h ago
Saylor is singing bullish while dumping, a familiar script.
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GateUser-bee672a5
· 1h ago
57k precise market crash, institutional scythe is more punctual than an alarm clock
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SentimentIndicatorCollecting
· 1h ago
The $1.25 billion limit has only used over $200 million, and there are still big bombs ahead.
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