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

BTC

BTC/USDT

$73,334.63

+5.79%

$73,334.63

+5.79%

(24s)

24h Volume

$32,688,735,126.31

24h H/L

$73,400.00 / $68,902.22

Change: $4,497.78 (6.53%)

Long/Short

51.3%

Long: 51.3%Short: 48.7%

Funding Rate

-0.0000%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$72,872.00

▲ 5.10%

Volume (24h): -

Resistance Levels

Resistance 3$76,859.07

Resistance 2$74,640.95

Resistance 1$73,110.70

Price$72,872.00

Support 1$72,740.67

Support 2$70,580.26

Support 3$67,783.14

Pivot (PP):$67,833.60

Trend:Uptrend

RSI (14):80.1

Decrypt Editorial

(03:44 PM UTC)

1 min read

Reviewed byDavid Kim

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…