Bitcoin supply in loss rises to 40.6% as analysts track shifting cycle bottom patterns across markets
Bitcoin price tests $71,300 to $73,000 support as BTC traders watch $78,000 rebound or $65,000 breakdown risk next.
The price of bitcoin fell to its lowest since April 7 as Strategy's sale dented sentiment, while AI tokens H and NEAR surged and DeFi TVL hit a 20-month low.
Bitcoin dropped below $70,000 to an eight-week low of $69,390, wiping out $4,000 in value over 48 hours and temporarily pushing its market cap below $1.4 trillion.
CME Group's cryptocurrency futures and options have been trading continuously since 4:00 p.m. CT on May 29, making this the first full trading week without the classic weekend CME gap.
Bitcoin saw its price retrace after initially moving upwards and clearing the resistance at $80,000. Eventually, though, the price ended up hitting major resistance at $82,000 and falling back downward.
The treasury segment faces uncertainty after Strategy's first BTC sell-off in three years.
Bitcoin fell to fresh two-month lows as BTC price weakness accelerated and analysis targeted its 200-day moving average trend line.
More than $80 million has been wagered on a Polymarket market tied to Strategy's Bitcoin sales, with the outcome now heading to a final dispute process after the company disclosed that it sold 32 BTC before the market's May 31
Shift from passive Bitcoin holder to actively managed, algorithm-driven treasury strategy emerges in latest disclosure.
Michael Saylor's firm Strategy completed a transaction involving 32 Bitcoin sometime between May 26 and May 31. This fact isn't contested.
The sale itself was small, but the conversation around the token is changing.