The world’s largest corporate holder of bitcoin made the headlines earlier today by making its second BTC sale in just a few months.
Aside from the immediate effect on the asset’s price, it also coincided with a popular technical tool turning bearish and suggesting another move lower soon.
It was just over a month ago when Strategy announced its first sale in four years. It was a rather small one of just 32 BTC – nothing compared to its 840,000+ fortune. However, the first week after the news went live painted a very clear picture: the company’s moves, being the largest corporate holder of the biggest cryptocurrency, could have a major impact on the perception and performance of the underlying asset.
BTC nosedived from $74,000 at the time of the sale’s announcement to under $60,000 in less than a week. Yes, there were other factors at the time, but Strategy’s move was widely considered arguably the most significant. And that was a sale of just 32 BTC.
Earlier today, the firm’s co-founder and former CEO, Michael Saylor, highlighted another bitcoin distribution. This time, it was substantially bigger as Strategy disposed of 3,588 BTC worth $216 million. It said the sale was to fund dividends on its Digital Credit securities, which was aligned with the previous week’s announcement about the creation of the Digital Credit Capital Framework.
There was an immediate impact on bitcoin’s price as the asset, which had already retraced from $64,000 to $63,000, dipped below $61,500, where it found some support. However, there could be more pain ahead, at least according to one popular metric.
Ali Martinez was quick to flag that the TD Sequential, a metric used to determine the underlying asset’s market exhaustion in either direction, had flashed a sell signal amid Strategy’s announcement.
He believes the combination of these two factors is not something the “bulls want to see,” as they open the door for a more profound correction. Given the June developments and subsequent crash for BTC after the 32-unit sale, it’s safe to assume there’s merit to his prediction.
Bitcoin just flashed a TD Sequential sell signal as Michael Saylor’s Strategy sold $215 million worth of $BTC.
Not exactly the combination bulls want to see. https://t.co/9h2D9lgvuj 📌 推荐交易所
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小靓分析：
🦊 小靓解读
Strategy（原MicroStrategy）今日再次抛售BTC，这是四个月内的第二次大规模卖出，市场情绪短期承压。虽然其持仓仍超84万枚BTC，但卖出信号叠加技术指标转空，暗示短期下行风险加剧。
📊 市场影响
BTC从74,000美元急跌至60,000美元附近，抛售压力可能持续发酵。若价格跌破60,000美元支撑，下一关键区域在55,000美元一线，需警惕恐慌性抛售。
💡 操作建议
建议观望为主，勿急于抄底；可关注58,000-60,000美元区间是否企稳后再做决策，严格设止损。
风险提示：
该资讯来源于公开渠道，仅供参考。Traceless 无痕智盈平台不对此信息准确性做任何保证。