Bitcoin Treasuries Log Rare Selling Streak as BTC Trades near $66,000
Cointelegraph
Corporate Bitcoin treasuries have recorded a rare three-week selling streak, potentially pressuring BTC's price near $66,000.Summary
Corporate Bitcoin treasury companies have experienced a rare three-week net selling streak, according to Capriole Investments' indicator, which could push Bitcoin's price toward a bear market low if new demand doesn't appear, according to Coin Bureau analyst Nic Puckrin. While the top 20 holders remain steady, smaller firms like Cango Inc., Exodus Movement, and Genius Group have trimmed their holdings, and Bitdeer sold its entire BTC treasury. Analysts also cite macro uncertainty, such as trade policy concerns following recent tariff announcements, and continued outflows from US spot Bitcoin ETFs as factors contributing to weak demand and a short-term risk-off sentiment for high-volatility assets like Bitcoin.
(Source：Cointelegraph)