BTC

devCheckingIn

Bruh BTC.D went down because money went out of BTC into stablecoins. Alts aren't going to rally deep in a bear market while BTC is going down.

CODE_HEIST

That is exactly why I would not treat the dip as automatic. Crypto can look cheap while cross-market risk is still weak. For me the question is less "is BTC low enough?" and more "has structure reclaimed with a level I can define risk against?" If not, waiting is a position too.

Impossible-Band-2393

BTC is too manipulative now

TastyTaco217

I mention hedge fund because someone with sizeable liquidity could pressure MSTR into a corner, and force them to sell off more BTC. Short both MSTR and BTC, reducing liquidity opportunities for Saylor who needs to pay the STRC holders their dividends, thus increasing the frequency and size of his stock and BTC sells, profit off of the movement in both and continually pile on the pressure from both points of attack. No idea if this would work in reality/the full scope of risk of such a trade, but seems to make sense to me

LordJamPunt

S&P futures started falling at exactly the same time as bitcoin @ noon. 7635 to 7577 noon to 7pm. BTC also attempted to rebound at 7pm but fell a bit further before turning around. S&P futures fell back a tad at 1am (mst btw) and both attempting to recovery I guess Saylor did all that

sallycinnamon13

lol 32 BTC is basically the equivalent of michael saylor checking his couch cushions for spare change to buy lunch.

DecisionBubbly5623

Wouldn’t surprise me if BTC wicked below both levels just to liquidate everyone before moving higher. Classic Bitcoin behavior.

ReceptionSmall9941

The ETF divergence is the useful part here; if BTC outflows keep growing while ETH still takes inflows, that says more about positioning than a single risk-off headline. I would watch whether liquidity stabilizes after the geopolitical shock before reading too much into one daily move.

itsTomHagen

Y’all don’t flinch when he buys 200-500BTC almost all at once, yet you panic when he sells literally 0.0038% of his holdings. Yes, that’s right, 32BTC is 0.0038% of his held BTC. RELAX PEPLE.

itsTomHagen

How much did he hold? What percentage of his holdings is the 32BTC?

Known_Click

Well it clearly failed if selling 32 BTC caused it to dump 5% in a single day.

KoffieCreamer

Isn’t this the point though? They have 843,000 BTC left….to maybe sell. It’s a death spiral. They sell > price dumps > they have to sell more as price is lower > rinse repeat

FitCompetition1804

Both. DCA and set larger limit orders at various levels. If they execute, great you just bought BTC on sale and maximized your purchase. If not, you’re still in the game with DCA.

ChronosCoder

Looking at previous cycles we should get another drop in late June and final bottom in October. Sold AI stocks this week and happy to buy BTC.

ahhhaccountname

I just want AI agents to utilize BTC in some way already

FitCompetition1804

I legitimately had a dream months ago the low for the year would be $42k. Too many signs at this point to ignore. $42,069 it is. The BTC spirits have spoken.

Flashy-Read-9417

I'm so glad Bitcoin is decentralized. Imagine if that guy had a lot of BTC /s

Numerous_Ruin_4947

I thought Bitcoin was better than gold? You mean to tell me one guy can crash it when he sells 32 BTC? Did you think this through?

KoffieCreamer

Anyone supporting Saylor is coping seriously hard. This will collapse at some point no matter what he says. It’s a blatent Ponzi scheme and it will eventually cause BTC to drop significantly. His business model is completely unsustainable. The sooner this idiots company collapses the better for everyone.

Numerous_Ruin_4947

BTC maxis, beware of complacency. Bitcoin has been trading at massive levels vs alts. Altcoin holders have been tested for 5 years. We know what pain is. Do you?

Numerous_Ruin_4947

Look at the BTC.D 12-month candle chart. What if it repeats the 2017 and 2021 cycles? BTC is way overpriced vs alts. There's about 6 ETH for every 1 BTC, and yet BTC was trading for around 36 ETH or more. That's a 6x+ premium. [https://www.tradingview.com/x/ofjZpCHi/](https://www.tradingview.com/x/ofjZpCHi/)

Interesting-Yak-8219

I can't post on reddit, so I'll ask here: I need to borrow against some BTC, so lots of logistical questions. How to see the balance, it's on Tails Electrum? Where to borrow against the BTC equity? Aaave, Compound, Kraken? Then I can spend of items not yet accepting BTC, pay 2-10% p.a on the borrowed BTC againt my BTC at a leverage of 30-50%. No tax event costing \~33%, then pay back with fiat income, converted to BTC. Concern is hacking from 3rd parties weak code, so I'll stick with long term credible and audited code lenders. Here's my original post: https://bitcointalk.org/index.php?topic=5584464.0;topicseen

Electronic-Leading71

Simple: I am happy because I buy discounted sats So more BTC per $ spent It’s like Christmas

Numerous_Ruin_4947

Source? Interesting theory. I always suspected this. I am sure some exchanges are in the hands of BTC maxis.

Numerous_Ruin_4947

I am not a Bitcoin fan, but he is testing to see how BTC reacts to Strategy selling. The whole premise is that BTC should be robust enough to hold up under a scenario where Strategy has to sell. * *If Bitcoin can't be sold, critics say it has no value.* * *If it has no value, the balance sheet value is zero.* * *If the balance sheet value is zero, credit rating agencies ignore it.* * *So you sell a tiny appreciated portion to prove Bitcoin is liquid, valuable, and real.*

Dizzy-Monk-

We just needed another chance to screenshot BTC at $69,420. It can go up now

FlagFootballSaint

WHY does it rise more? What is causing this? What are investors up to to think an asset which does nothing but to hold BTC is worth more than the BTC this asset hold That‘s what I don‘t understand ELI5 please

CompetitiveDrawing89

BTC is crashing, run run run this is the end, there is no product behind it everybody is selling it and buying AI future, sell now

El_Thee

You will see it in 2032. Back when my friend first introduced me to Bitcoin on bitcoin.org, I had this hallucination or vision about Bitcoin reaching $1 million for 1 BTC someday. Back then, I turned $10 into 200 BTC and ended up losing the phrase key, because I was 12 year old. Now I finally started investing in BTC again in February 2026, and seeing how things are moving now feels similar to what I saw back then. You probably wouldn’t believe me either.

McDredd

BTC = 42

baIIern

Yeah, BTC itself is a pyramid scheme which makes MSTR just a leveraged ponzi 🤷🏻‍♂️

NckyDC

Sell BTC, buy AI then AI will implode like all Stocks will go down 80% of market between here and xmas. Bettwe you keep BTC tbh.

Flexerrr

Amazing decision by MSTR to betray shareholders by selling BTC

Medium_Change4574

Yep, the only question is whether the exchanges are gonna suck all the liquidity out of alts again in order to order to strengthen BTC or if they let it drop further this time around..

CompetitiveDrawing89

yeah and if you want to be broke in 5 years buy BTC

Front_Orchid6864

Market moves 100k BTC coins a day but these 32 special ones single-handedly wrecked the chart. Iconic.

Nearby-Perception796

Bitcoin's sharp decline isn't coming out of nowhere. Our signals started flashing warning signs days ago: 🔴 Retail investors turned BEARISH on May 28 when BTC was around $72.9K. 🔴 Whales also turned BEARISH shortly after at $72.7K, indicating large holders were reducing risk. 🟢 Interestingly, BTC is still classified as an OUTPERFORMER at $71.3K, meaning it's holding up better than many other crypto assets despite the selloff. When both retail and whales align on the bearish side, downside pressure tends to accelerate. The key question now is whether BTC can stabilize near current levels or if broader risk-off sentiment pushes it lower.

Far-Artichoke-343

how much BTC Strategy is hold now?

frankielc

The only thing relevant is that this is actually newsworthy and, being newsworthy affects the price so much. BTC is currently down 10%. MicroStrategy sale was irrelevant. Given that they hold BTC for customers, if costumers do decide to leave, they’ll have to sell. Given how the market reacts to a micro sale, this looks unsustainable.

Prestigious_Long777

5 years ago to this day, BTC was $35k. Today BTC is $70k. It can be sent all over the world, instantly. It cannot be frozen, it cannot be taken by a bank, it cannot be taken by a government. The same dollar in which you price BTC has lost purchasing power since 2021 (5 years ago). BTC has protected purchasing power. BTC has protected monetary policy. BTC has protected our ownership of our capital. Same way Saylor can not sell his BTC and recover, at current prices the same amount of FIAT invested. Nobody in the world can buy as much BTC as MSTR had acquired over the past five years. If any one, nation state or organisation attempted to buy 800K+ BTC today, the demand would shoot the price up to millions of dollars / BTC. So they couldn’t.. The maximum you can probably buy before the price skyrockets too hard is a few thousand coins. It works both ways.

Famous-Ebb3041

In 2021, I became a Bitcoin believer, because I saw "the pattern". I've been a 100% HODLer ever since. There is a short term pattern I've noticed and hoping it happens this year as in cycles past and the 4 year cycle is the other pattern I'm waiting for. My sayings are: "HODL til you waddle!", "It can't go high enough, it can't go low enough", and "Buy red, never green!" But I also started in 2021... focused solely on the far future (4 years down the road) and ignoring everything between the peaks! I rode out the Crypto Winter like it was a balmy summer day... seriously. Everything I have is now in the red, except my BTC, SOL, and XRP. And I'm just eagerly waiting for the day when THOSE go red, too!

Previous_Valuable873

What you are thinking BTC was is XMR to be honest.... 99% of people bought bitcoin thought they bought digital permissionless, untraceable "wealth".

Lavayo

Saylor just needed to sell 0.0038% and the crowd freaks out. But if they but 25k BTC it's another Monday.

ThePi7on

> When BTC dips You're assuming you'll even know what is a dip and what isn't. You're assuming you'll be able to time the market perfectly and just buy the dip consistently. You see where I'm going? DCA and forget.

SeriousGains

34,000 BTC? Who cares. Michael Saylor sold 32 BTC. That’s all we care about.

A1JX52rentner

more upside. If you believe in BTC longterm, investing in mstr makes total sense as it is leveraged. BTC rises 100%, MSTR rises more.

No_Accident8684

he will sell more. this 32 btc sale was just to get the headline outta the way and make the dump not as big as it would have been had he sold 10,000 BTC. next time he sells a 1,000, people will be like "ah well, we already know he'd sell, no big deal." and then he goes for 10,000 and its a non-event.

Wovavau

to many hidden fees imo. If you read the T&Cs - trxn, min balance, withdrawal, acct closure, etc - so a small daily transaction ends up being costly and counter intuitive. Cashbacks they offer don't really make up for it. And the kyc menace - you randomly end up losing access and funds get blocked (saw it on x) Better options like bitrefill (use BTC for GCs) and 0fiat (30k GCs without kyc and zero fees) are much easier options.

SilverPrivateer

22 days ago I posted this warning. The Bitcoiners didn't listen. Now it's play time. "Dear Bitcoiners, Hope you're enjoying the pump! Just remember - you would be at 35k without us. Did you read the latest Saylor tweet? "Buy more bitcoin than you sell..." That's right. If you allow our stock to dip below 1.2xMNAV, it now becomes accretive to shareholders to sell BTC to buy MSTR. That's right. Your precious coins will get a big, stinky dump. This is a threat. The MSTR army is kind. But we will not tolerate betrayal. You scratch our back, we scratch yours. You support our chart... we support yours. But if you lets us fall, we're taking you with us. We stink on you and all MSTR holders get bitcoin gain from the sale. That's right. We gain bitcoin, you get agony. Your final warning, from the MSTRer army. So let's keep this pump going... it would be a shame if the music suddenly... stopped" You should have listened. I warned you. Now you pay the price.

Mister_Way

If Saylor fucks up and his financial instruments go to 0, that only affects people who bought his financial instruments. They were volunteers and could have bought BTC instead. If the U.S. prints more dollars, everyone's dollars lose value. Dollars are forced on American citizens, as well as actually a lot of people around the world. They cannot just avoid inflation, because you don't have a choice but to opt in. The criticisms people have about crypto always seem to be "but stupid people can still fuck themselves over!" And, yeah. That's not what it was designed to prevent.

Taraih

BTC crashing. Accumulation area around 60-65k. Just buy over the next months, end of the year will be on the rising road

waldito

Someone made sure I would watch https://youtu.be/RHupx-66VGk?is=aG9wOl2FMOaA4NXh several times and then discussing it several coffees around 2004. It planted a seed of thought where I understood the world's money was broken, stolen by governments: Slowly eroding, always under justification or pretext, but ultimately, greed would accelerate its demise. The only way out, we concluded, was to invent something no one could control. When someone dropped the link to the BTC whitepaper years later, I thought, wholy shit, they did it. We looked for flaws, we discussed it over more cofee breaks in our startup. At that time there was a mathematician, a business analyst, two devs and some admin people. We came up with multiple theories of how this could never work, and we kept finding answers in the forums why this or that was not a problem. Three or four coffee breaks after, one went and bought. I fomo'd the fuck out and this that. And after, I went back and got some moar.

Despaciito

Damn BTC and btc dominance just keeps crashing. Wen alt szn

FlagFootballSaint

It‘s not about what the investor „wants“, I just don‘t understand Saylor‘s end game to satisfy the required paybacks BTC is an orange with „x“ milliliters of juice to squeeze out. Why do people think Saylor is able to squeeze more than that out of the orange?

showmeyourlagunitas

I agree with this if you want BTC beta surely you just buy BTC?

UCFSam

Indeed, BTC has a daily liquidity over a billion dollars. Selling a couple of million worth as "proof" bitcoin is "liquid, valuable and real" doesn't make any sense to me. We see larger single transactions every single day. 32BTC is just noise.

FlagFootballSaint

I don‘t actually understand what these investors aim to get out of their investment or in other words why they think they would get out of it more than investing in BTC directly. I am too stupid to understand how Saylor would be able to satisfy the debts once the inflow of fresh capital dries up, and sooner or later this is inevitably the case

kaliki07

The upside is they can buy back cheaper as the market panicks and they only sold 32 BTC 😆

Shiratori-3

He already talked about that. They remain heavily a net buyer (ie: total bought minus 32 = ???) but also wanted to take the shock drama freakout off the market from a BTC sale perspective. Hence they also signalled it in advance.

Astrid_Galactic

I can't verify this, but I just saw an article earlier today that BTC miners are being pushed out in favor of AI. Make of that what you will. I say - keep HODLing!

asonganyi

You can use BTC for basically any transactions now

WonderfulSkill3038

Don't think it's time to rotate stock profits into BTC yet. Going to wait until after summer and re-evaluate

Tricky_Musician_9704

Saylor selling 32 BTC just to pass a liquidity check is the most crypto-boomer move ever. Dude hoards hundreds of thousands of BTC for years, then flips a tiny slice just to prove bankers wrong 😂

wolfofone

Anyone can run a node, self custody their keys, and broadcast transactions without needing someone else's permission. The launch of Bitcoin was fair and everyone has the same opportunity to mine and chance to win a block. Bitcoin is fair but it does not solve the income/wealth inequality problems of society. It is not solving world hunger or rectifying the K economy. Not matter how much or little BTC you have it is yours so long as you protect your keys and no one can take it away from you or prevent you from participating in the system.

SeaMammoth3514

BTC is a store of value, right? But what if the system just decides to pull the plug like, globally shutting down the internet, or banning the production of mining hardware altogether, or if the power grid fails entirely? Would Bitcoin or Crypto still be worth anything then?

BigPlayCrypto

Invest what you won’t care about for 5-10 years and sell no matter what the price is at. Only buy BTC

oopssomething

ETH/BTC +4%, is this the beginning of the flippening? Saylor will start selling harder than the ETH foundation, now is the time to switch teams.

kjjphotos

I only invest money I can afford to lose. I like it when the prices go down because then I get more BTC for my USD. I wish it would drop down to $50k so I could afford to buy more.

staid0330

The idea is that when there are more sellers than buyers at a specific price point the price will drop A very simplified example is let's say there are 100 BTC worth of orders for $70,000 and then 200BTC worth of orders for $65,000 If someone sells 200BTC, the first hundred would sell for 70,000 and the rest would sell for 65,000. Then the price would drop to 65,000 because there's no one left to buy at 70,000. The opposite happens when there are bigger buy orders than sell orders When you buy on a simple exchange they are essentially making that buy order for you

A_lonely_impulse

It was destined to die. BTC is still ovr 70k which in itself is a miracle.

CODE_HEIST

That divergence is worth watching, but I would not treat it as a signal by itself. AI equities can carry indexes while crypto trades on its own liquidity cycle. For BTC, the cleaner question is whether the support break turns into acceptance below the level. If it does not, the divergence may just be noise.

Tedious-Butcher

Let's be brutally honest here. We all have one common goal. We dont want to be poor. We want to be rich and live a wealthy lifestyle. Save for kid? Same reason. The future currency? Same thing. Scarcity? Reason is still the same. BTC will make us rich. We just shouldnt be swayed by the government and the big institution actions. We should treat them like noise. I been through 2 volatility 60-80% drop. Just stick together and i assure you we will be fine.

jlittle984

Yeah-get used to it. Bitcoin makes 90% of its gains in like 5-10 trading days during the year. Just keep stacking and don’t sweat the pullbacks. Just look at it less when it’s doing crappy-automate your DCA, look at your stocks and forget about BTC for now-we’re in a bear market right now-all doom and gloom. It’s always like this during bear markets-BTC is on sale right now. Would you rather be DCA’ing at 70K or 120K? It’s gonna rip past 126k eventually.

Express-Economist-86

It’s the prediction markets, I keep telling people, sometimes they listen. You put “no, won’t get this high” the price rises almost immediately, you can watch it on a responsive chart. You put a “yes it will get above this price.” It will drop. It’s geared to make you lose the bet. They have fast trades that respond with buys/sells. It’s goes down, people vote a no in excitement that they’re closer to correct, market buys to invalidate that bet. As that happens, yes votes get more sure and bet higher, it drops enough to invalidate that. In the end, it can wipe the board either direction based on where bets are balanced, always coming out ahead, and repricing the prediction market holders BTC stack. If you win too much (it’s in their rules) they have market makers on hand to deal with you as an “emergency.” People with a lot of money and a lot of Bitcoin are using the prediction markets to fleece people who are comfortable gambling in dollars, which is waaaay more people than are interested in bitcoin. It’s a great time to reprice your stack at about 25% at a time using targets on a chart. If you use prediction markets to make a bet, just be aware this is how they roll. Your “not above” bet raises the price, your “definitely above” lowers it. There’s a certain range this actually works in, and most bets are about ten cents. Most fast enough charts are ever so slightly ahead of the market.

The_Roaring_Fork

They could also lower the amount of XLM needed to establish a wallet. I don't think the Stellar Foundation wants XLM to be like BTC or ETH

ogcuniverse

Bitcoin dropped 4% and suddenly everyone needs an explanation. The same people asking this question weren't posting "why is BTC going up so fast" during the run from $40k to $73k. Price going up feels natural, price going down feels like something must be wrong. That asymmetry in perception is exactly why most people buy tops and panic at pullbacks. Markets don't owe anyone a reason for every move, and the ones waiting for a clean explanation before making a decision are usually the last ones to act and the first ones to get caught.

AfterC

Brutal. Sells $2.3M of BTC Your firm loses $3B in market cap instantly. Not a good deal, little Kermit saylor!

Wowdavid2002

I think people are going to start looking for alternatives to ETH and BTC… I base this on nothing 🤭

angelwolf71885

The halfing it happens approximately every 4 years until the reward drops below 0.5 BTC or even 0.0125 BTC per reward then the 4 year cycle still matters

tobypassquarant

Nobody respects them, and nobody wants Microstrategy to be the richest company in the world if BTC is to become a hedge asset. It's currently unusable because of this moron. He's a fucking thorn in the side of large asset managers and they need to get rid of him now. Him selling is a chink in the armour.

Appropriate-Talk-735

Its not hard. You short BTC right now with leverage.

Ok_Pipe6417

Why a 4 year cycle? Who picked that anyways. I am of the opinion BTC has not existed long enough to say there is any cycle. I think there's a big bust coming at some point in the near future most likely before a new ATH that will invalidate the cycle theory. There's far too many hands in the pot these days and they are not all bought into the ideoligical hodling. BTC to the masses is a vehicle for increasing overall wealth but not in the way you think. PPL want that blood soaked dollar bill, always have and probably always will.

AfterC

Yes, and this is why the "Saylor sold to demonstrate BTC has value" argument is dumb. It already is being transacted, in that quantity. The original tweet is just some made up BS.

Grizly2000

45.7 Bil 24 hr. ~ Half ath volume. I don't know why but I got a feeling BTC is going to humble us all for a bit. Hail Bitcoin though I'm bullish long term. Stack sats

mrlandlord

And if they bought them back now (14 hours later at 70k) they just acquired 2.5 BTC more

devCheckingIn

I haven't even been able to get my BTC inverse ETF buy in yet. Hopefully I'm not too late.

devCheckingIn

Not really how it works though. BTC dumping triggers all the algo bots that dump literally everything else.

Basic-Nobody-Too

11 . Why is the price of BTC down today?

ihavenotimeforgames2

Saylor has become the biggest public Bitcoin figurehead over the years. When he buys, it's expected, so price doesn't move much. When he sells, the market may be viewing it as his conviction eroding and BTC drops several points. Im hoping that the market views his future purchases, which I assume will be a net increase in BTC holdings, more positively. I don't see any positive catalyst in the near future until the earlier of either 1) next halving cycle or 2) equities stop melting up due to AI growth not meeting expectations. It's really painful holding lately knowing equities continue to make ATHs. I see us going lower but can't bring myself to sell lol

zztopsthetop

If it was only Iran eth and the others would be down more than BTC, the btc correlated tech/cloud etfs didn't move done either

meanathradon

Because everyone has figured out the cycles, and to buy about 6 months after the next BTC halving

FitCompetition1804

Maybe that’s what’s happening, But there sure are a lot of haters out there that feed off of prices going down and hoping BTC fails. It’s honestly odd behavior either way.

CacheValue

That’s why DCA is going to *really* play into your strength here. Also consider looking at some of the BTC ETFs as well if you have tax advantaged accounts and can risk the contribution room in a market downturn.

CacheValue

DCA because BTC will probably crash here along with the the rest of the market soon, so this should be easier than you think. Once the market rebounds I expect to see BTC touch 250K but it’s likely to hit 10K first

SpontaneousDream

Checking in. Cost basis mid 20s. I honestly haven't had this must conviction in anything since when I first started buying BTC back in 2014. Hype is the first asset in crypto that has 1) PMF, 2) makes a shit ton of money, and 3) uses almost all of that revenue to buyback the token. Many coins have only one of those three things I listed. Only some have two. None have all three.

Natural_Rebel

The BTC CEO made it happen

Creationz_z

Bought some more BTC

TheBestintheWest11

I agree. been here since 2014 and there was so much too look forward to in the adoption of BTC. Now I don't see much adoption..... I love to be wrong but I just can't see BTC going higher than 150k.

NonVideBunt

Nope, crypto is turning into what it always has been. A casino. Retail volumes are way down and institutions are pulling back. Once institutions start selling BTC, it’s going to be a race to the bottom and the end.

magicumbrellamann

This is what our lady BTC does! She's a nut case but she's a beautiful nutcase. 😍💀