- Strategy transferred 411.48 BTC worth approximately $30.3 million to Coinbase Prime, triggering speculation about a potential Bitcoin sale.
- The BTC price is just 1.5% away from attempting a breakdown below the support trendline of a 4-month-long channel pattern.
- The ongoing correction in BTC could seek bullish support at $72,200, $65,200, and $60,000.
The original cryptocurrency, Bitcoin, shows a slight drop of 0.5% ahead of Friday’s U.S. market hours to currently trade at $73,138. While escalating U.S.-Iran military conflicts triggered the initial market retreat, the intraday sell-off rapidly deepened as a wave of investor panic took hold. Market sentiment was shattered following on-chain signals that ultimate Bitcoin bulls, including Michael Saylor’s Strategy and real estate mogul Grant Cardone, could be liquidating portions of their BTC holdings. As the supply pressure intensifies, the Bitcoin price risks another support breakout at $72,000 amid the formation of a channel pattern.
Michael Saylor’s Strategy Moves $30M BTC to Coinbase Prime
Earlier this week, the BTC price wit...
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