Bitcoin Slides Below $67K as Strategy Makes First BTC Sale Since 2022
Bitcoin dropped 7% to a two-month low as souring sentiment sparked $1.5B in crypto liquidations.
Bitcoin tumbled as much as 7% over 24 hours on Tuesday, dipping below $67,000 for the first time since April. The drop coincided with Strategy's first sale of BTC since 2022. MSTR shares fell 9%.
Souring Bitcoin sentiment triggered nearly $1.5 billion in crypto liquidations over the same 24-hour window. The largest digital asset hit a two-month low as the broader market turned bearish.
Strategy's decision to sell Bitcoin marks a notable shift. The company had been accumulating the asset since its last sale in 2022, making the move a closely watched signal for crypto markets.
The liquidation wave underscores how leveraged the crypto market remains. A single bad day can cascade into billions in forced closures across exchanges.