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via Decrypt · By Decrypt Editorial

Strategy Shares Slide Following Bitcoin Sale—Will It Dump More BTC Ahead?

BTC

BTC/USDT

$64,583.99

+0.55%

$64,583.99

+0.55%

(24s)

24h Volume

$10,805,170,453.23

24h H/L

$64,823.52 / $63,270.00

Change: $1,553.52 (2.46%)

Long/Short

61.5%

Long: 61.5%Short: 38.5%

Funding Rate

+0.0028%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$64,591.99

▲ 2.02%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$66,616.72

Resistance 1$64,699.58

Price$64,591.99

Support 1$64,224.65

Support 2$62,211.02

Support 3$59,130.91

Pivot (PP):$64,242.50

Trend:Downtrend

RSI (14):43.2

Decrypt Editorial

(03:44 PM UTC)

1 min read

Reviewed byDavid Kim

1100 views

0 comments

In brief

Strategy’s stock price dropped to a 45-day low after disclosing a $2.5 million Bitcoin sale.
The liquidation "amplified an already compelling dislocation," according to TD Cowen.
The sale was ultimately unavoidable, given Bitcoin's lack of cash flows, according to Grayscale.

Strategy’s stock price plunged on Monday after it disclosed a Bitcoin sale, indicating that the company’s…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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