Experts Warn Bitcoin Has a MicroStrategy Problem as BTC and MSTR Stock Sink

BTC

BTC/USDT

$79,956.01

+0.41%

$79,956.01

+0.41%

(24s)

24h Volume

$6,384,542,373.18

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

53.0%

Long: 53.0%Short: 47.0%

Funding Rate

-0.0004%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$80,032.26

▲ 0.47%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$80,032.26

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.2

BeInCrypto Editorial

(09:06 PM UTC)

1 min read

Approved byDavid Kim

0 comments

Bitcoin (BTC) and MicroStrategy (MSTR) stock plunged on Tuesday after the company disclosed its first BTC sale in 41 months. The move reignited debate over how much the asset depends on one corporate buyer.

MicroStrategy disclosed in a Form 8-K that it sold 32 BTC for roughly $2.5 million. The sale ran from May 26 to May 31, with proceeds earmarked for preferred stock dividends.