Hupzy (Spot On Chain)|Jun 02, 2026 13:23
🚨 BREAKING: BTC breaks below $𝟲𝟵,𝟬𝟬𝟬 — down ~$5,000 since MicroStrategy disclosed its first BTC sale in over 3 years.
𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: MSTR's sale marks a regime change — the largest corporate BTC holder has flipped from buyer to seller. This removes a structural bid that supported price during previous drawdowns. With ETF outflows at $6.6B over three quarters and now MSTR distributing, the supply-side picture has deteriorated materially. Next support: $68K area, then $65K.
--source: https://x.com/KobeissiLetter/status/2061799434548031727
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