Bitcoin is sitting at $62K today - its lowest level in months, but 19 days ago it was above $80K. Let's have a look what happened and what will be next
All started with Strategy, Michael Saylor sold 32
$BTC between May 26-31. The amount is tiny in size, 0,004% of their stack. What matters is that it happened at all, for years the trade was built on one simple idea: Strategy and Saylor will never sell. And the moment it cracked, that pushed Bitcoin to $68K quickly.
ETF outflows had been quietly pulling back for weeks before any of this. When the Strategy news broke, outflows accelerated further, institutions don't wait around for clarity, they reduce exposure first.
$1.23B in liquidations triggered, sentiment is deep in fear territory, and traders are watching every move. BTC touched $62K today.
What's next? $60K is the level most analysts are watching, a clean hold there could stabilize things. A break below opens the door to $55-50K territory.
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