Strategy disclosed a bitcoin sale, reporting that it sold 32 BTC for $2.5 million and noting Michael Saylor’s average sale price was around $77,135. Bitcoin was trading around $69,400 after slipping below $70,000 for the first time in two months, down more than 4.45% in the past 24 hours, and bitcoin ETFs had an 11th straight day of net outflows totaling $3.4 billion since January 2024. Ether was down about 0.6% at roughly $1,970, while the CD20 index was down 3.2%.
Strategy (MSTR) disclosed that it sold 32 BTC for $2.5 million, and reports included Michael Saylor’s average sale price at about $77,135. The sale drew immediate market commentary, with Tom Lee saying, “This is what you expected at the bottom,” and adding, “People sell at the bottom, right?”
Coverage also included the remark “Saylor / Strategy selling a few raspberries isn’t causing bitcoin to crash.” Some commentators linked the transaction to broader liquidity flows, quoting a view that “there is a massive parabolic spike in AI-related equities that is vacuuming up all excess liquidity, multiples of bitcoin’s market cap.”
Overall, the reaction presented the sale as routine selling activity cited in market commentary rather than as a standalone trigger for a systemic bitcoin collapse.
Ether was trading near $1,970 at the time of the report, and the CD20 index was down 3.2%. Geoff Kendrick set price targets for Ether of $4,000 by the end of 2026 and $40,000 by 2030, and he projected the ETH-BTC ratio would climb to 0.04 by year-end from about 0.028. Kendrick also predicted that Ether could outperform Bitcoin by more than 40%, outlining those expectations in coverage of market positioning. Reporting cited an ETH staking yield of around 3% annualized as a market return metric.
Coverage included Bitmine’s recent activity, noting it bought 111,942 ETH for about $237 million and that its holdings were near 5.4 million ETH, which was reported as roughly 4.47% of circulating supply, as reported.
Market coverage highlighted liquidity concerns tied to a parabolic spike in AI-related equities. A quoted remark stated, “The reality is that there is a massive parabolic spike in AI-related equities that is vacuuming up all excess liquidity, multiples of bitcoin’s market cap.”
Bitcoin ETFs recorded an 11th consecutive day of net outflows, with total outflows of $3.4 billion since January 2024. Some commentators linked these outflows and broader trading activity to the liquidity shifts described in the quoted commentary.
Technical indicators for Bitcoin cited in reports included a relative strength index (RSI) near 39 with no bullish divergence. Analysts also referenced a 0.618 Fibonacci support level near $69,000. The RSI observation and the Fibonacci level were presented alongside the liquidity data in the same coverage. The reporting grouped these technical measures with noted liquidity trends when describing current market conditions.
Strategy disclosed a bitcoin sale, and reporting characterized the transaction as routine selling rather than a catalyst for systemic market failure. Coverage also noted broader liquidity strains tied to a surge in AI-related equities and continued bitcoin ETF net outflows, which commentators linked to shifts in capital allocation.
At the same time, analysts outlined an Ethereum outperformance outlook, citing multi-year price targets, expectations for a rising ETH-to-BTC ratio and the reported staking yield as components of the case for ETH strength.
