Is Michael Saylor still selling after all? Panic over $297 million jolted the crypto market.
The leading crypto evangelist who built his brand on the ironclad rule “never sell Bitcoin” made traders go cold with fear. Blockchain trackers recorded a massive outflow of crypto: in 9 hours, 3,568 BTC worth nearly $300 million left wallets associated with his company, Strategy.
The market reacted instantly—Bitcoin’s price immediately slid down, breaking below the $83,000 mark, while traders’ position liquidations exceeded half a billion dollars. Could it be that belief has been shattered and a large-scale dump has begun?
Arkham analysts stepped in with timely explanations that saved the industry from total panic. No coin was sold. It turned out to be internal technical transfers by the custodian Fidelity Custody. However, this trigger clearly showed how fragile the current balance is—and how strongly the market fears whale capitulation.
#bitcoin #MichaelSaylor #strategy #CryptoPanic #Fidelity
The leading crypto evangelist who built his brand on the ironclad rule “never sell Bitcoin” made traders go cold with fear. Blockchain trackers recorded a massive outflow of crypto: in 9 hours, 3,568 BTC worth nearly $300 million left wallets associated with his company, Strategy.
The market reacted instantly—Bitcoin’s price immediately slid down, breaking below the $83,000 mark, while traders’ position liquidations exceeded half a billion dollars. Could it be that belief has been shattered and a large-scale dump has begun?
Arkham analysts stepped in with timely explanations that saved the industry from total panic. No coin was sold. It turned out to be internal technical transfers by the custodian Fidelity Custody. However, this trigger clearly showed how fragile the current balance is—and how strongly the market fears whale capitulation.
#bitcoin #MichaelSaylor #strategy #CryptoPanic #Fidelity
