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

BTC

BTC/USDT

$79,970.92

+0.30%

$79,970.92

+0.30%

(24s)

24h Volume

$6,227,746,267.90

24h H/L

$80,200.00 / $79,442.00

Change: $758.00 (0.95%)

Long/Short

52.8%

Long: 52.8%Short: 47.2%

Funding Rate

+0.0008%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$79,999.99

▲ 0.43%

Volume (24h): -

Resistance Levels

Resistance 3$91,281.84

Resistance 2$88,315.23

Resistance 1$82,300.00

Price$79,999.99

Support 1$79,635.96

Support 2$76,187.99

Support 3$74,131.55

Pivot (PP):$79,916.17

Trend:Sideways

RSI (14):67.1

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…