Community Articles

via Decrypt · By Decrypt Editorial

Strategy Wanted to 'Inoculate' the Bitcoin Market—Has Its BTC Sale Backfired?

BTC

BTC/USDT

$64,852.85
+1.05%
24h Volume

$12,269,830,624.41

24h H/L

$65,217.86 / $64,124.39

Change: $1,093.47 (1.71%)

Long/Short
60.1%
Long: 60.1%Short: 39.9%
Funding Rate

+0.0018%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$64,666.24

-0.09%

Volume (24h): -

Resistance Levels
Resistance 3$66,301.35
Resistance 2$65,634.99
Resistance 1$64,980.20
Price$64,666.24
Support 1$63,931.06
Support 2$63,318.55
Support 3$62,617.14
Pivot (PP):$64,604.03
Trend:Uptrend
RSI (14):55.0
DE
Decrypt Editorial
(04:35 PM UTC)
1 min read
MR
Approved byMichael Roberts

In brief

  • Strategy’s decision to retire $1.5 billion in debt and purchase 24,869 BTC drained its corporate cash reserves right before a monthly dividend payout.
  • The Bitcoin treasury firm’s $ 2.5 million BTC sale reversed its “never sell” narrative, triggering structural depegging fears and $1.76 billion in crypto liquidations.
  • While critics label the timing a tactical blunder, some analysts argue…

Add COINOTAG as a Preferred Source

Add COINOTAG to your preferred sources in Google News and Search to see our coverage first.

Add on Google

Source

Decrypt Editorial · Decrypt

Read original →

Comments
Comments