Bitcoin Falls Below $72,000 After Strategy Reports First BTC Sale In Years
Bitcoin fell below $72,000 after Strategy disclosed its first BTC sale in more than three and a half years. The sale was small, about 32 BTC worth roughly $2.5 million, and Strategy still holds 843,706 BTC, about 4% of total supply. Michael Saylor has said the firm may sell some BTC to fund dividends, while keeping a net accumulation approach. Market conditions remain fragile: spot demand has weakened, while perpetual futures funding rates and open interest stay high, showing leveraged traders are still bullish despite the pullback. This leaves BTC increasingly dependent on derivatives rather than spot buying. Technically, Bitcoin closed the month below its 2024 all-time high, a bearish signal that may turn that level into resistance. If BTC cannot reclaim it, the market could drift toward a retest of the 2021 highs.
