Lookonchain: Firms Sell 540 BTC as Sentiment Softens

Lookonchain data shows three public companies dumped 540 BTC worth $38.61 million last week as stablecoin market cap fell $2.67 billion and DEX perp volume slid 13.55 percent.

Michael Saylor's Strategy sold 32 BTC at $77,135 while Tom Lee's Bitmine added 26,497 ETH for $52.6 million, highlighting divergent institutional flows amid the broader slowdown.

With BTC price at $71,352.88 testing the lower Bollinger Band support near $72,227 while EMA50 sits at $74,499 and EMA200 at $76,411, the 4-hour chart displays clear bearish structure confirmed by MACD death cross at -551 and RSI at 23.18 in oversold territory; institutional bitcoin sales over the past six months have repeatedly coincided with such volatility exhaustion zones before short-term bounces to the 50-EMA resistance.