bitcoin:native did not collapse after Strategy sold 3,588 BTC.
That matters.
The weekly chart shows @Bitcoin holding the $57.8K support zone, suggesting the market absorbed the selling pressure better than many expected.
But this is not a full bullish reset yet.
BTC is still trading below the 200W EMA near $68.6K, which remains the major immediate resistance.
The 50W and 100W EMAs are also still close to a potential death cross.
So the signal is balanced: Demand showed up near support. But Bitcoin has not reclaimed the weekly trend. @MicroStrategy sale tested market depth.
The 200W EMA now tests whether that demand is strong enough to turn absorption into recovery.
#Crypto #Bitcoin #trading
@MicroStrategy selling 3,588 BTC for about $216M is not just another @saylor headline. It is a stress test for the Bitcoin treasury model.
Strategy’s filing shows its BTC monetization program can fund preferred stock distributions, replenish the USD Reserve, and support repurchases under board-approved limits.
Meanwhile, Grayscale's peeps claim the sale may restore confidence in Strategy’s financing structure.
That matters because the Glassnode US spot Bitcoin ETF net flows chart shows the real institutional backdrop.
BTC demand is no longer a simple “who is buying?” question.
It is now a vehicle question.
ETFs show daily institutional absorption. Treasury companies show balance-sheet leverage. Strategy just reminded the market that BTC exposure through a treasury company is not the same as BTC exposure through an ETF.
@Qarunya@SqSehrish Yeah, but sometimes, some SSC exams include such questions, you know, to make the examinees feel a bit better, while flunking every other question!! 😂
10/14
Sonu then pushed Rajapur again, saying the same service center wanted to resolve the issue where it began. I agreed to July 5. On Sunday, no call came from him. I called. No response. Around 9 AM, another person called from +91****5420 to coordinate.
9/14
Then silence. For about 16 days, almost no communication. On June 29, Sonu asked when I wanted the job done. I chose July 4 at Alankar Kumharar, near my home. No confirmation came. On July 3, I called him myself to ask what time I should come.