Bitcoin Slides Below $60,000 as Traders Await Saylor Move on Strategy’s $52 Billion Holdings
Updated
Updated · Forbes · Jun 7
Bitcoin Slides Below $60,000 as Traders Await Saylor Move on Strategy’s $52 Billion Holdings
3 articles · Updated · Forbes · Jun 7
Summary
$60,000 has become bitcoin’s key line as traders wait for Michael Saylor to signal whether Strategy sold more coins or bought back after its recent disposal.
Strategy’s sale of 32 bitcoin worth about $2.5 million shook confidence because it broke the company’s long-standing “never sell” stance, even though the amount was small.
Analysts said the drop reflects a short-term confidence shock more than a collapse in bitcoin’s fundamentals; 21Shares sees $55,000 as the next support if $60,000 fails.
Bitcoin is now down more than 50% from its October 2025 peak of $126,000, part of a broader crypto rout that has erased roughly $2 trillion from the market.
The scrutiny matters because Strategy had already warned it might sell bitcoin to fund dividends, and some investors now argue a larger sale could buy the company years of breathing room.