Strategy has started selling Bitcoin! Now Bitcoin can begin finding the true bottom of this cycle. Realized price sits near $54,000 as of early July 2026. Price has not yet touched this range. At every prior cycle bottom, it closed well below realized price. This is why many Bitcoin analysts have been flagging this level as a cycle-bottom target. The base case is a low that touches or modestly breaches the $53,000–$54,000 range. #strategy #bitcoin(BloFin Research)