MicroStrategy sold 32 Bitcoins last time, and today they just announced selling 3,588 Bitcoins. They currently still hold 843,775 Bitcoins. Next time they sell, it might be tens of thousands. Their holding cost is around $72K per Bitcoin. During the bull market, they kept foolishly adding positions on the way up, and now in the bear market, they have no choice but to sell on the way down. In just a few months, we might see MicroStrategy completely dumping their Bitcoin holdings in disgrace. By then, Bitcoin will probably hit the bottom.