Strategy: First Bitcoin Sale Since 2022 Amid ETF Outflows
Strategy executes first BTC sale since 2022 with $11B unrealized losses as US ETF outflows hit $2.4B in May and hawkish Fed repricing pressures Bitcoin.
SourceAnalysis
Strategy executed its first Bitcoin sale since 2022 while carrying roughly $11B in unrealized losses across its 843K BTC stack, coinciding with the weakest US selling pressure reading of -76.6% in May W4.
US spot Bitcoin ETF outflows totaled $2.4B over four straight weeks in May, the worst monthly figure YTD, while Asia and EU flows remained balanced. The move aligns with May CPI at 4.2% and hotter-than-expected payrolls of 172K, prompting markets to reprice from four cuts at the start of 2026 toward roughly two hikes by early 2027.
Price action on the 4h chart shows BTC at $63488.17 testing the upper Bollinger Band resistance at $64187.98 with RSI(14) at 55.06 remaining neutral and MACD printing a bullish golden cross at 166.93; the 50-EMA at $63709.05 now acts as immediate resistance while the 200-EMA at $70522.29 caps any recovery, suggesting a likely retracement toward the lower band support at $60797.15 before fresh demand emerges.
Binance Research
@BinanceResearchAs the official research arm of Binance, this account publishes institutional-grade analysis and in-depth reports on digital assets, blockchain ecosystems, and Web3 technologies. The content delivers data-driven insights into market trends, protocol developments, and macroeconomic factors influencing the cryptocurrency industry.
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