Strategy sold 32 BTC to pay dividends – But the real risk is what happens if it has to sell more Bitcoin

BTC

BTC/USDT

$63,058.49

-0.00%

$63,058.49

-0.00%

(24s)

24h Volume

$2,454,334,377.30

24h H/L

$63,175.00 / $62,920.00

Change: $255.00 (0.41%)

Long/Short

68.0%

Long: 68.0%Short: 32.0%

Funding Rate

+0.0026%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$63,057.37

▼ -0.05%

Volume (24h): -

Resistance Levels

Resistance 3$66,089.72

Resistance 2$64,303.26

Resistance 1$63,626.50

Price$63,057.37

Support 1$62,999.35

Support 2$61,868.90

Support 3$61,056.47

Pivot (PP):$63,064.66

Trend:Downtrend

RSI (14):43.0

CryptoSlate Editorial

(07:57 AM UTC)

1 min read

Reviewed byDavid Kim

0 comments

Bitcoin price has hit $70,000 after Strategy, the world's largest publicly traded corporate holder of the top crypto, sold a portion of its BTC treasury for the first time since 2022.

Data from CryptoSlate showed that BTC's price dropped 4% on the news to as low as $69,690 before recovering to $70,120 as of press time. This is its lowest price level in six weeks.

This price movement came as…