Bitcoin Slides to $67K as Strategy Sells First Coins
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
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Gotrade News - Bitcoin slid to around $67,000, its lowest level since February, as broad selling pressure deepened. The drop marks a roughly 40 percent decline from the cryptocurrency's previous record high.
The slide reflects heavy ETF outflows alongside a rare coin sale by a leading treasury holder. Weakening institutional demand has left risk assets less appealing than equities near record highs.
Key Takeaways
Bitcoin fell to $65,385, its lowest level since February.
Strategy sold 32 Bitcoin, its first sale in nearly four years.
ETF outflows reached $2.3 billion to $2.8 billion in recent weeks.
As reported by Seeking Alpha, Bitcoin touched $65,385, down 2.3 percent on the session in the latest decline. That reading marked its weakest level since February and rattled confidence across the wider market.
The main trigger was a heavy wave of redemptions from US-listed spot Bitcoin ETFs in recent weeks. Investors pulled between $2.3 billion and $2.8 billion, the largest selling streak since these funds launched.
The exodus suggests that buyers who once anchored the market have stepped back quite sharply. Such persistent outflows tend to amplify downward pressure on prices already under strain.
As reported by Seeking Alpha, Ethereum, the second-largest cryptocurrency, also came under pressure and traded near $1,874 during the session. The simultaneous decline points to broad selling that spread across nearly the entire crypto market.
According to Seeking Alpha, Strategy (MSTR) sold 32 Bitcoin from its 843,706-coin treasury. That was the company's first sale in nearly four years.
The move challenges the long-standing "never sell" stance held by chairman Michael Saylor. Crypto market participants are watching the decision closely as a potential signal.
Per The Motley Fool, Strategy still holds roughly $62 billion worth of Bitcoin. The sheer size of that position makes any sale decision a heavy influence on sentiment.
Per The Motley Fool, Saylor has projected that Bitcoin could reach $21 million per coin by 2045. That forecast implies a market value many times larger than every S&P 500 company combined.
The price pressure also weighed on crypto-linked stocks such as Coinbase (COIN) and miners like Marathon Digital (MARA). Institutional demand that once drove gains has now noticeably weakened.
As reported by Seeking Alpha, technical support now sits in the $68,000 to $65,000 range. A sustained move below $70,000 could open the door to further downside.
Geopolitical tensions and expectations of higher Federal Reserve rates have also dented appetite for risk assets. Equities trading near all-time highs leave crypto comparatively less attractive.
Per The Motley Fool, Bitcoin has still returned more than 13,600 percent over the past decade. Yet in 2025 it fell 5 percent while physical gold surged 64 percent.
Per The Motley Fool, only about 6,880 businesses worldwide currently accept Bitcoin as a form of payment. That figure remains tiny next to the hundreds of millions of registered businesses operating globally today.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
