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）在短短几个月内二次抛售BTC，总计2.16亿美元，且其作为最大企业持仓方，每一次动作都会放大市场的恐慌情绪。这次卖出恰逢技术指标转熊，短期抛压明显加剧。
📊 市场影响
BTC从74,000美元急跌至60,000美元以下，表明机构抛售行为会引发跟风踩踏，中短期可能继续测试58,000-60,000美元支撑区间。若后续Strategy继续减持，市场信心修复将更加缓慢。
💡 操作建议
建议交易者暂时观望，不要急于抄底，重点关注58,000美元能否守住。若跌破该位，可考虑轻仓做空或设置更紧的止损；若企稳反弹，则需观察成交量是否配合。
风险提示：
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