Bitcoin (BTC) price slide may have more to do with AI than Strategy's sale: Crypto Daily
Bitcoin fell below $70,000 for the first time in two months, dropping more than 4.45% in 24 hours to around $69,400. Ether slipped 0.6% to $1,970, and the CoinDesk 20 index lost 3.2%. The move comes amid weak crypto positioning: spot bitcoin ETFs have posted 11 straight days of net outflows, and Strategy disclosed a sale of 32 BTC, a small but symbolically negative signal. Still, some argue broader liquidity pressures and strong AI-led equity gains are weighing more on bitcoin than any corporate sale. U.S. economic data, especially Friday’s jobs report, is now the key near-term catalyst: strong data could reinforce higher-for-longer rates and pressure crypto, while softer data may support a rebound above $70,000. Technically, bitcoin is testing support near $69,000, with RSI near 39 and no clear bullish reversal yet.
