Strategy: Sells 1,690 BTC in Weekly Holdings Update
Strategy sold 1,690 BTC ($108.6M) as public companies net shed 66 BTC; stablecoin supply rose $931.4M while DEX volumes dropped.
SourceAnalysis
Strategy sold 1,690 BTC ($108.6M) last week while public companies recorded a net reduction of 66 BTC ($4.26M), according to the August 3–9 #LookonchainWeeklyReport. Stablecoin supply expanded by $931.4M even as DEX spot volume fell 11.95% and perpetuals volume dropped 25.00% week-over-week.
Bitcoin trades at $64389.02 inside a bearish structure, sitting below the EMA50 at $64561.98 while the EMA200 at $63776.98 offers deeper support; the MACD death cross at 127.61 reinforces downside pressure as price tests the lower Bollinger Band near $64610.91 with RSI(14) at 42.12 leaving room for further weakness before any bounce to the upper band at $65341.47. This price action aligns with the reported corporate selling and sets the stage for updated BTC price prediction models tracking institutional flows.
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