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via Decrypt · By Decrypt Editorial

Will Strategy's Peers Dump Bitcoin Now? Not so Fast, Analysts Say

BTC

BTC/USDT

$62,566.83

-3.83%

$62,566.83

-3.83%

(24s)

24h Volume

$19,528,727,620.77

24h H/L

$65,146.00 / $61,938.00

Change: $3,208.00 (5.18%)

Long/Short

68.6%

Long: 68.6%Short: 31.4%

Funding Rate

-0.0020%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,327.96

▼ -2.64%

Volume (24h): -

Resistance Levels

Resistance 3$65,654.82

Resistance 2$64,206.80

Resistance 1$62,878.49

Price$62,327.96

Support 1$61,834.89

Support 2$60,542.19

Support 3$59,114.43

Pivot (PP):$62,847.11

Trend:Downtrend

RSI (14):36.4

Decrypt Editorial

(04:31 PM UTC)

1 min read

Reviewed byJames Mitchell

796 views

0 comments

In brief

Bitcoin treasury firm Strategy sold Bitcoin for the first time since 2022 Monday, offloading 32 BTC for $2.5 million.
Analysts argued that other digital asset treasuries are unlikely to follow suit, with their individual finances a determining factor in whether they sell their crypto holdings.
Strategy’s BTC sale is “showing its Bitcoin holdings are one of several funding tools it can…

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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