Strategy: 32 BTC Sale Triggers 15.6% Drop
Strategy sold 32 BTC for $2.47M, sparking $228B market cap loss, $1.45B BTC ETF outflows in three days and 13-day total of $4.37B.
SourceAnalysis
Strategy sold 32 BTC for $2.47 million, after which Bitcoin fell $11,400 or 15.6 percent in three days and erased $228 billion in market value.
Bitcoin ETF outflows accelerated to $1.45 billion over the same period, extending a 13-day streak to $4.37 billion, while Mt. Gox moved coins to Bitstamp, Tether shifted reserves to Bitfinex for the first time and Abraxas Capital trimmed holdings.
Bitcoin sits at $63833.18 inside its Bollinger Bands with the lower support at $62203.4 and upper resistance at $74712.2. The 50-EMA at $70951.61 and 200-EMA at $75209.3 define clear overhead resistance in the bearish structure, while RSI at 18.68 signals oversold conditions and MACD at -2328.57 confirms the death cross. Price action points to a test of the lower band before any sustained recovery, shaping near-term BTC price prediction amid ongoing Bitcoin ETF outflows and crypto market crash pressure.
余烬
@EmberCNAnalyst about On-chain Analysis