MARA sold 13,597 Bitcoin to raise 1.1 billion dollars, while Strategy bought 1,036 more. Two giants, two opposite moves. 📰
TradersUnion reports MARA Holdings liquidated 13,597 BTC to raise about 1.1 billion dollars for debt repayment and restructuring, one of the biggest miner sales of the year, while The Block notes Strategy increased its Bitcoin holdings by 1,036 BTC in the same week. 📊 A miner selling into weakness to pay down debt is very different from a holder selling because the thesis broke, because MARA had to raise cash while Strategy was still accumulating, and the market felt both flows at once, with Bitcoin down 5.72 percent in 7 days. My reading is that forced sellers like MARA are exactly why the 95 million dollar Tuesday ETF outflow matters, because the selling is coming from balance sheet pressure, not from a change in the long term story, and forced selling ends when the balance sheet is fixed.
Does miner selling like MARA mark the bottom, or does more forced selling follow? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MARA
TradersUnion reports MARA Holdings liquidated 13,597 BTC to raise about 1.1 billion dollars for debt repayment and restructuring, one of the biggest miner sales of the year, while The Block notes Strategy increased its Bitcoin holdings by 1,036 BTC in the same week. 📊 A miner selling into weakness to pay down debt is very different from a holder selling because the thesis broke, because MARA had to raise cash while Strategy was still accumulating, and the market felt both flows at once, with Bitcoin down 5.72 percent in 7 days. My reading is that forced sellers like MARA are exactly why the 95 million dollar Tuesday ETF outflow matters, because the selling is coming from balance sheet pressure, not from a change in the long term story, and forced selling ends when the balance sheet is fixed.
Does miner selling like MARA mark the bottom, or does more forced selling follow? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MARA
