BITCOIN dropped to near $65,500 in early June within two days, with the crypto market cap evaporating by about $200 billion.
· Strategy sold 32 $BTC for around $2.5 million in late May, and the sharp decline was difficult to explain based on the trading volume on major exchanges.
· Continued ETF outflows, Mt.Gox transfers, and leveraged long liquidations compounded, suppressing the rebound due to fund outflows.
· Strategy sold 32 $BTC for around $2.5 million in late May, and the sharp decline was difficult to explain based on the trading volume on major exchanges.
· Continued ETF outflows, Mt.Gox transfers, and leveraged long liquidations compounded, suppressing the rebound due to fund outflows.