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\n\t\t\t\t\t\t\t\t\tWill history repeat for bitcoin with another major leg down?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
The world\u2019s largest corporate holder of bitcoin made the headlines earlier today by making its second BTC sale in just a few months.<\/p>\n
Aside from the immediate effect on the asset\u2019s price, it also coincided with a popular technical tool turning bearish and suggesting another move lower soon.<\/p>\n
It was just over a month ago when Strategy announced<\/a> its first sale in four years. It was a rather small one of just 32 BTC \u2013 nothing compared to its 840,000+ fortune. However, the first week after the news went live painted a very clear picture: the company\u2019s moves, being the largest corporate holder of the biggest cryptocurrency, could have a major impact on the perception and performance of the underlying asset.<\/p>\n BTC nosedived from $74,000 at the time of the sale\u2019s announcement to under $60,000 in less than a week. Yes, there were other factors at the time, but Strategy\u2019s move was widely considered<\/a> arguably the most significant. And that was a sale of just 32 BTC.<\/p>\n Earlier today, the firm\u2019s co-founder and former CEO, Michael Saylor, highlighted another bitcoin distribution. This time, it was substantially bigger as Strategy disposed of<\/a> 3,588 BTC worth $216 million. It said the sale was to fund dividends on its Digital Credit securities, which was aligned with the previous week\u2019s announcement about the creation<\/a> of the Digital Credit Capital Framework.<\/p>\n There was an immediate impact on bitcoin\u2019s price as the asset, which had already retraced from $64,000 to $63,000, dipped below $61,500, where it found some support. However, there could be more pain ahead, at least according to one popular metric.<\/p>\n Ali Martinez was quick to flag that the TD Sequential, a metric used to determine the underlying asset\u2019s market exhaustion in either direction, had flashed a sell signal amid Strategy\u2019s announcement.<\/p>\n He believes the combination of these two factors is not something the \u201cbulls want to see,\u201d as they open the door for a more profound correction. Given the June developments and subsequent crash for BTC after the 32-unit sale, it\u2019s safe to assume there\u2019s merit to his prediction.<\/p>\n Bitcoin just flashed a TD Sequential sell signal as Michael Saylor\u2019s Strategy sold $215 million worth of $BTC<\/a>.<\/p>\n Not exactly the combination bulls want to see. https:\/\/t.co\/9h2D9lgvuj<\/a> pic.twitter.com\/UcQoiem7d3<\/a><\/p>\n \u2014 Ali Charts (@alicharts) July 6, 2026<\/a><\/p>\n<\/blockquote>\n Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.<\/span><\/span><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nTD Sequential Says Sell<\/h2>\n
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