Bitcoin falls to $62,600.

VTV.vn - Bitcoin continued to fall in the mid-week trading session, at one point retreating to the 62,600 - 62,700 USD range after losing the 66,000 USD mark.

Downward pressure intensified as market sentiment deteriorated, primarily due to the impact of MicroStrategy – a company holding a large amount of bitcoin – unexpectedly selling 32 bitcoins for the first time since 2022.

Although this number is small compared to the more than 843,000 bitcoins the company owns, the move is still concerning because it goes against the previous "buy and hold" strategy, weakening investor confidence and spreading selling pressure.

Technically, analysts believe that $65,000 is a key support level to watch. David Morrison, an expert at Trade Nation, warns that if bitcoin continues below this level, it could return to its February 2026 lows around $60,000, increasing the risk of a further decline.

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From a cash flow perspective, Compass Point expert Ed Engel noted that approximately 26% of the bitcoin sold in the past 30 days came from investors who had bought at prices above $90,000. This group had held onto their bitcoins throughout the market downturn but have now begun to accept losses as bitcoin approaches the cyclical bottom. According to Engel, this decline could be a sign that the market is entering its final phase, with selling pressure from losing investors nearing its peak.

Notably, billionaire Michael Saylor's Strategy firm sold approximately $2.5 million worth of Bitcoin from its massive holdings.

For many years, Strategy has been considered one of the world's largest Bitcoin buyers. The company operates on a "digital asset treasury" model, using its balance sheet to accumulate and hold Bitcoin long-term. Therefore, Strategy's stock has long been considered a key indicator of Bitcoin's performance in the stock market.

Michael Saylor's decision to sell off a portion of his Bitcoin holdings has caused concern among investors, even though the businessman had previously signaled that the company might consider selling assets in the future.

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Source: https://vtv.vn/bitcoin-giam-ve-62600-usd-100260604162029271.htm