Last night’s deep V in Bitcoin was basically triggered by this 'off-peak old news.' In the early hours, @WatcherGuru suddenly posted: MicroStrategy has authorized a plan to sell up to $5 billion worth of Bitcoin. But in reality, MicroStrategy had already announced the BTC Monetization Program on June 29, authorizing the company to sell Bitcoin under specific circumstances to supplement USD reserves, pay preferred stock dividends and interest, and repurchase shares. This was just a reiteration of the plan in their financial report, and having the authorization to sell doesn’t mean they’ve decided to sell. Saylor also clarified under WatcherGuru’s tweet, and shortly after, @WatcherGuru deleted the post. Bitcoin quickly V-shaped back up. Weekend liquidity is just too poor, and the order book is thin, which is why even this 'off-peak fake news' caused such intense volatility.