According to foreign sources, after the recent sale of 3588 bitcoins by Strategy, there was no expected chain sale in the market. On the contrary, Bitcoin remained relatively stable after the news came to light, and exchange inflows shrunk simultaneously, prompting the market to discuss whether the sale had been digested earlier.
$216 million for sale to land
According to the article, Strategy sold a total of 3588 BTCs, valued at approximately $216 million, in two separate cases. This is a significantly larger scale than the 33 BTCs that the company sold to pay taxes in May. When the sale was completed, its Bitcoin holding warehouse was reduced to approximately 84.38 million, and the cash reserve rose to about $25.5 billion.
In common market logic, one of the largest enterprise-level Bitcoin holders in the world declines, often raising concerns about rising supply. However, the confirmation that the price had not changed significantly indicated that the market was ready for the sale and that the purchase had taken over the additional supply.
Exchange inflow down to two weeks low
The article mentions that the chain data do not show that currency holders are concentrated in the exchange. Rather, the inflow of exchanges has fallen to a low level of nearly two weeks, meaning that more holders are not eager to sell after the news. This was seen as a signal of market sentiment that was emptied but actually pushed out of control.
Market concerns have focused on two main points: whether Strategy will continue to sell afterward; and whether other large holders will end up profiting. However, these concerns have not yet translated into wider sales sales, as currently demonstrated. Not only did Bitcoin hold the front-line support, but there was a rebound after the news was released, indicating that there was still a buy-in at the lower level.
$6.55 million into short-line resistance.
According to the article, there are some signs of repairing the price structure. Bitcoin had previously secured a $59,000 area, rebounded and repositioned to a mid-track position near approximately $6.38 million, improving short-line kinetic energy from the previous stage of consolidation.
However, the next critical position is near $6.55 million. The region corresponds to the recent highs and has been the holding back of several previous increases. If it is effectively broken, the market's judgement that the pressure is fully absorbed will be further enhanced and prices may continue to look up around $69,000.
The subsequent blockage of the $6.55 million line, coupled with a renewed increase in exchange inflows, suggests that the seller ' s strength may be re-energized and that there is a risk of a re-evaluation of the $5.9 million support in the market. Overall, external sources consider the current price to be more resilient, but the completion of the repairs will depend on whether the resistance level is broken.