Bitcoin 7ten-thousand-dollar threshold collapse, Strategy 32 units sold confirmed
Bitcoin fell below the 7ten-thousand-dollar mark. Strategy sold 32 of its Bitcoin holdings to fund dividend payments, and MicroStrategy also made its first sale since 2022. Ethereum also weakened, sending investor sentiment plunging.
Bitcoin fell below the 7ten-thousand-dollar mark. Investor sentiment was classified as being in the “extreme fear” stage. This trend was 6 in 2 trading.
Strategy sold 32 of its Bitcoin holdings to fund dividend payments. The company said the purpose of the sale was to secure funds for dividends. The news was reflected in the market after the sale disclosure.
MicroStrategy (MSTR) 2022 made its first Bitcoin sale since then. The company had previously said it would maintain its holdings. The news of this sale affected supply and demand.
Ethereum 66fell to its lowest level in days. A simultaneous decline in Bitcoin and Ethereum was confirmed. Prices of major coins weakened across the board.
In the domestic market, on a Korean won basis, 1defense of the hundred-million-won threshold was put to the test. As trading sentiment weakened, volatility increased in both spot and derivatives markets. Selling by some large holders and institutions was confirmed.
Announcements of sales by several holders coincided with falling prices, intensifying short-term selling pressure. The market is watching cash conversions to secure dividend funds and changes in holding strategies. Price volatility in related coins continues.